I actually can’t remember why I opened this trade, but I think it must have had something to do with the fact that the price had fallen back to a level (X marks the spot) that had been a convincing support level at various points in the past.
Well, the support didn’t hold (again), but the price didn’t fall far enough to trigger my initial stop order. So I hung on in there for an eventual profitable result. I now don’t think this was a convincing trade at all, but a profit is a profit (however achieved), and most of the profit is now guaranteed thanks to my guaranteed stop order indicated by the higher horizontal line. IMO, the best guaranteed stop orders are provided by Capital Spreads and InterTrader.
Two Steps to Better Spread Betting:
Disclaimer: this posting is for general education only; it is not trading advice.