And if it goes to 2300/2500? Then the drawdown will be worst than potential gain?
Spiderweb
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@keeles001, as mentioned above, it's a small position plus did not margin. My stop loss is +50%, so it's 2,850. I know what you are saying and I agree with but I am now along for the ride! If it goes any bit higher, I will change my target to entry at 1,900 so I don't lose any money. Let's hope this works out but I did plan ahead for this.
Happy Trading.
keeles001
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@Spiderweb, Thanks for the answer, i'm looking at 1600/1650 for the correction, before the next step