Okay. Moved my stop to 1008. I also have moved it up to BE now that the trade went in my favor. What is your opinion on this (when you get a minute)
Okay...since you went long at 1009, and you had 4 ticks at risk(1008), now that the market has reached 1011(twice your initial risk) raise your stop to BE and set a profit objective at 1012 for a 3-1 reward/risk trade.
Okay, that's fine if your initial risk was 4 ticks. Because then you just got a 2-1 reward/risk trade. Which is okay, but 3-1 would be better. But, if your initial risk was 8 ticks for a 1-1 reward/risk trade. Then, that wasn't a good trade. I know it sounds crazy to say making a hundred bucks wasn't a good trade, but this is a numbers game. And 1-1 doesn't add up.