Trade #2 Update 3 – S&P 500 Index

You’ll remember that I entered a repeat trade on the S&P 500 Index and I placed an order at 4475, with a stop at 4355. The “take profit” price was set at 4835. On 9th November, with a potential profit of £3924, I moved the stop to 4600.

This proved to be a good move because this week the index fell and the stop was triggered. The total profit on the trade was therefore (4600 – 4475) * £18 = £2250. Although some profit was given back, we still got out with a reasonable return.