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Trade Signal Example:
ZBU3- Long 13322, Stop 13230, Tgt 13414, 13506, 13900
This trade has 3 targets, not all targets have to be played. Once a target is acheived, in this case the first one 13414, an asterick (*) next to target level will show:
ZBU3- Long 13322, Stop 13230, Tgt 13414*, 13506, 13900
At this point, it is up to personal risk tolerance as far as what to do with stop levels. We usually raise stops to breakeven or just under after second target is acheived:
ZBU3- Long 13322, Stop 13319, Tgt 13414*, 13506*, 13900
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RISK DISCLOSURE: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS IS SUBSTANTIAL AND SUCH INVESTING IS NOT SUITABLE FOR ALL INVESTORS. AN INVESTOR COULD LOSE MORE THAN THE INITIAL INVESTMENT.
Stewart Solaka is a professional derivatives trader, noted media analyst and entrepreneur. Read More
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