tar
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Ok
Did you take entry at the BO of tues low (10655)? If did, thats real 'sell low/buy high' kinda trading imo.
Do you still want the trade? ie, do you still define it as a short market?
If not and you havent bailed already, what loss do you want to take?
The market has offered as low as 12255 today and is currently 11460
Where do you want to try and take your loss? Above or below that last price?
Regardless of the situation, you can always aim at a price thats in your favor
Or you could add a professional exit to the professional entry and shoot for a cool -£20k. Just stick a stop out there above that last SH at 11640! It could be a great trade!! :cheesy:
Who told you that's professional ? The account size is just 56K and the floating loss is at -20K currently so the trades size is really big . Second what was the reason for the first entry : a breakout ? then it doesn't make sense holding all the way up he could have closed his short at 10788 risking 100 points that's more than enough for a BO trade and the size should be much smaller ie risking 0.5%-1% per trade so he would have been down 250-500 quids instead of the -20K .
Note : 100 points stop = exiting at 10788 much much better than your 11255 or 11400 etc
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