In this post, you will see a live trade video I have recorded for the second trade that was taken this month for the user of my trade copier service.
The first trade went about 35 pips in our favor before moving back to hit our breakeven stop loss. Although it is a pity that it ended up as a breakeven trade, this practice of shifting stop loss to breakeven is also one of the factor that ensure that I stay profitable every month without fail. This is also how I protect the account of the user who use my trade copier service.
Shortly after the first trade hit the breakeven stop loss, a user email me asking me if I can set the target profit as 25 pips for every trade instead of 40 to 50 pips. I can totally understand his feeling of seeing the profit slip past his hand and ended up as a breakeven trade as I am a new trader before and have this feeling as well.
However after trading of trading, I understand the importance of allowing the profit to run and cutting short the stop loss as this is how we achieve high risk reward ratio per trade.
If I always take profit at 25 pips, I will only hit 1:1 risk reward ratio which is not good for trading.
For the second trade, I took the trade out at 41 pips and make a profit for the trade.
Below is the video of the second trade
Below is the screenshot showing you the first 2 trades that I have taken this month for my trade copier user
For those of you who are interested in my trade copier service, you can take a look at the link below