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: $407 minus broker provision
Today we took SWN based on 5 min triangle after morning weakness and consolidation. That consolidation was our tool for reasonable trading plan with odds for good reward. My main idea was run to previous daily low around $13.50 area and that was my exit. We can see that reward was great (bigger then 4). Also SWN continued with weakness and reached $13 area what is also daily 20sma support area. Important is to see on exit chart nice trend and for more patience traders excellent reward. We had several nice trades today what turn negative month start in to positive area. ABC was really great own way action and you can see on table entry chart on that one too.
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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