Just to keep it simple in calculation using this method if I enter 3 full lots long on G/J @ 150.00 with TP1 at 150.25, TP2 at 150.50 and TP3 at 150.75 all three TP hits.
My reporting method is :-
Position 1 25 pips = $250
Position 2 50 pips = $500
Position 3 75 pips = $750
Total = 150 Pips = $1500.00
To keeping clean for tracking, analysis and reporting.
Using the above exmaple reporting only 75 pips = $750 profit using non-cumulative is not correct in my point of view, I am sure tax guys won't like it either ;-)
Cheers
Garfield
My reporting method is :-
Position 1 25 pips = $250
Position 2 50 pips = $500
Position 3 75 pips = $750
Total = 150 Pips = $1500.00
To keeping clean for tracking, analysis and reporting.
Using the above exmaple reporting only 75 pips = $750 profit using non-cumulative is not correct in my point of view, I am sure tax guys won't like it either ;-)
Cheers
Garfield
Trading is SIMPLE not EASY.