This trade was entered on 11th December and it was a short on Unitil Corp. You can read the original post here.
The trade was placed at a price of 4434, with a fixed stop at 4684 at £8 a point. The chart at the time looked like this:
The chart today 7th January looks like this and the trade has been stopped out at 4684 for a loss of £2000.
It’s very important to understand that you WILL get losing trades, probably around half of all the trades you place will be losers and you will also have losing runs. What’s important is that the size of your winners is significantly larger than your losers. I aim for 2:1 or better which gives me a decent edge and more importantly, decent profits!
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