In today’s video I show you how I’m taking partial profits off the table in the US Dollar / Swiss Franc (USDCHF) since 80% of the first profit objective has been hit (missed profit objective by 3 pips!). I want to make sure I don’t make the same mistake as the last trade where the first profit objective was missed by 1 pip and I ended up scratching the trade. At least this way I’m making money regardless of what the Swiss Franc does at this point. The RHT (Red Coat, Inc.) long trade is working out nicely too, so I’m taking some profits off the table on this trade as well. Be sure to watch the video to get all the details. Have a profitable day and a great weekend and I hope today’s video helps you in your own trading.
Todd Mitchell is the CEO & Founder of Trading Concepts, Inc. He's been trading since 1994 and has mentored over 12,000 traders from Wall Street to Main Street. He's an expert at developing strategies for creating more consistent daily, weekly and monthly income.
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