Wednesday, February 10, 2010

My Mistaken Stop Placement Resulting in Stop Loss Feb. 5, 2010, and TradeStation Sucks (next post)

After yesterday's mistake by not taking a good setup early in the morning session after the open, I decided to not repeat that mistake today. So I took a setup today but made a different mistake, incorrect stop loss placement. It hit, and price continued in the intended direction of my trade. ((I am only able psychologically to post this because I finally traded my plan on the following trade that I am now out of at the time I am posting this one)) Here's the mess:

I. Short entry,II. Cancelled a good short entry, sadly,III. Slippage of 2 ticks,IV. the 100tick chart showing the trade loss, it happened so fast it doesn't even show up on more than one 1min candle bar.Trade Loss Slippage Incorrect Stop Placement (c)TradeStation

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