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Thursday, August 8, 2013

S&P Long Position Stopped Out

It stopped out within a few pips of it taking off.  If your SL order was slightly different than mine you may be hanging on to a winning trade. 

The good news is that the trade was sound.  SL was good too, but price squeezed me out by a hair.  Those SL orders have to be placed somewhere, and the potential of being squeezed out is always going to be a possibility.  It doesn't happen very often, and really, it corroborates the trading strategy.

There is another trade around the corner.

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