It often manifests as looking at
your open profit on a trade and thinking about how much you've made and about how much more you «could» make by keeping the trade open.
Traders often confuse the feeling that they get by looking at
their open profit on a trade as «real» money that they already have «in the bank».
Not exact matches
(Updates prices, market activity and comments to U.S. market
open, new byline, changes dateline, previous LONDON) NEW YORK, May 3 (Reuters)- The U.S. dollar was little changed in choppy
trading on Thursday as investors took
profits from a rally that sent the greenback to its highest levels of the year and awaited Fridays payrolls data for April.
We will be taking
profits on both swing
trades on today's
open (approximately 1.7 % net gain based
on the $ 50,000 model stock
trading portfolio).
To coincide with this statement, we made a judgment call to take
profits on all long positions in our model
trading portfolio by selling at market
on yesterday's
open.
This essentially means you will add to an
open winning position without taking
on more risk and possibly even creating a risk - free
trade, all while dramatically increasing your potential
profit.
Every trader knows after a little practice and education
on a high - probability
trading method like price action, they can pick near - term market direction with pretty good accuracy, at least enough to get into
open profit.
We can work with you in these instances to find the most equitable solutions for all parties, including withdrawal restrictions whilst
trades are
opened, realising
profit and loss
on a per account basis and so
on.
Settlement price — 1) the daily price that the clearing organization uses to mark
open positions to market for determining
profit and loss and margin calls, 2) the price at which
open cash settlement contracts are settled
on the last
trading day and
open physical delivery contracts are invoiced for delivery.
Scenario: You are up around 2 times your risk
on a
trade and the market looks like it's getting exhausted, but you see that
open profit and you start making up reasons why the market should keep going in your favor.
That
trade did come off pretty easily but we can also see that had you closed it immediately following the big down move
on September 2nd, you would have missed about another two weeks of downside movement, which had you just left the
trade open, would have racked you up some serious
profits.
Having identified your
trading strategy, write down the rules (when to
open a position, how to set stop - loss and take -
profit)
on a piece of paper.
And it can never be a guarantee, since pegged currencies are usually
traded on an
open market, meaning that institutions or companies trying to keep their values fixed to a peg always have to contend with players who want to make a
profit out of
trading them above or below their target prices.
To put that in perspective, if a person bought $ 50,000 worth of BCH at $ 1900
on December 18 and was able to sell it as soon as
trading opened on December 19 at $ 8500, they would have made a
profit $ 223,684, less their initial investment.