See the related post below the image. The result of this trade was that it did not get stopped out at breakeven. What happened was that a take profit limit order was filled for about +100 pips profit.
This is an example of a long option trade on Silver. It is important to note that this is a weekly option that starts trading on Sunday night.
This amounted to about +40% and it was closed in less than a day.
I personally do not like that this platform doesn’t have the chart of the option itself. What is shown is the chart of Silver, the underlying instrument.
I noticed the price of this pair was at a level near a prior swing high. There was an opportunity shortly after the entry to get a stop loss order in at breakeven. That was done and now we’ll wait to see how the price action unfolds.
One objective of these posts is to show that trading is work and takes some effort. This position might get stopped out by the end of session today (Friday). That would be fine. There will be opportunities next week.
Charts101 Trading 