Real trade example –
Risk: 0.5% per trade (something what is up to trader and this is only example)Example with 20k account:
$ risk: $100
Profit: $463 minus broker provision
I expected that XBI will be swing trade. It was open higher but I still liked 60 min reversal possibility and daily 200sma resistance overhead. That was reason for setup based on 5 min time frame with stop above high. Market weakness supported that plan and XBI reaction was wonderful and gave us target ($56.35) at same day and that was reason why it was closed and after all finished as day trade. After all reward was four times bigger than risk and profit on $20 account was $463. XBI at least can cover more than four negative trades.
If you like to see more great examples please take a look on this link: http://xpertstocktrader.com/index.php?option=com_content&view=category&id=79&Itemid=475
Just click on symbol and you will get entry price and with exit price you can see why reward measure is very important for me. If anyone will have any question I will be happy to help and if anyone likes to learn more about that you can join us in to mentoring program and you can read more about that here: http://xpertstocktrader.com/index.php?option=com_content&view=article&id=101&Itemid=499
This is real example what we used this month. I think that is great education example. If you have any questions just hit reply. I answer all questions personally and I look forward to hearing from you.
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