Kamal's Two Trade FTSE 100 System

Описание: ★ Kamal's Two Trade FTSE 100 System
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Kamal, a FTSE 100 day trader explains how he opens two positions at the same time.. In all honesty nobody can predict the exact entries, so on most occasions when you open a trade and you put a target level, and your trade hits the profit level - sometimes the market moves even more. What is the best way to capture the additional move?

The only way I can think of that is by opening two trades, so I have the first trade which has a profit level and when the market reaches the take profit level I close the first trade while moving my second trade to breakeven. As such my first trade yields a profit while I have a free ride on the second trade and I tend to close the second trade when the market closes.

A clarification on Kamal's two trade system: Opening 2 simultaneous trades. The first will have a profit target and the second moved to breakeven when the first hits target. So if you risk 3% per trade each will be 1.5% risk. It takes a bit of getting used to because when you get it wrong, you get 3% wiped out, but not all the time your second trade will be winning but over time the bigger moves will pay dividends.