The trade was opened and shortly thereafter there was sharp selling. This allowed for a breakeven stop to be entered.
After a while I moved the stop loss lower and also had a take profit order in.
Then it was decided to move the stop loss to +100 points profit which is where the trade was closed out
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.