I’m in at 0.8013 with stop loss at 0.8088 – 65 pip trailing stop.
This is a small lots position with a 100-150 pip expectation.
Does short mean sell? Because If you bought at 0.8013 and the SL was 0.8088 wouldnt the stop loss be profit?
Hi there Marc,
I think that you have misunderstanding the concept.
If we sell (short), it is common that our stop loss is higher than our open price.
And the profit target is must be lower than our open price.
Can you see the idea?
So you sell it instead of buy it. “Sell Stop”?
Sorry for the confusion. I normally say buy/sell instead of long/short so as not to confuse the newer traders, but I was a little tired last night. I’m at +20 with this one so far. Hopefully we will take some profits by the end of the week.
Thanks for the help everyone!
You must be logged in to post a comment.