CL Redux
- Thread starter schizo
- Start date
you're a riot
For those who think that there is some sort of conspiracy in the markets and you only get the bad luck breaks, check out how lucky i got this morning:
blue dash = buy at 94.82 at exactly 9:45
red dash = sell at 95.89 at 9:55
Clipped my sell order before collapsing all the way back down...by the way, i had left my house when it was at 95.30 with 1 sell order at 95.89 and a stop at 94.89 (a bit higher than i purchased in order to make up for a 6 cent loss i had earlier in the day).
I think this is the luckiest i've gotten in a while. The absolute high for the day was 95.92.
blue dash = buy at 94.82 at exactly 9:45
red dash = sell at 95.89 at 9:55
Clipped my sell order before collapsing all the way back down...by the way, i had left my house when it was at 95.30 with 1 sell order at 95.89 and a stop at 94.89 (a bit higher than i purchased in order to make up for a 6 cent loss i had earlier in the day).
I think this is the luckiest i've gotten in a while. The absolute high for the day was 95.92.
Congrats!
I unluckily sold near the high at 95.87 with a limit order on the first and only push up, moved the stop to .83 a few minutes later, and had a hard target of .21 ... was stopped just before nicely retracing the whole darn thing and lower... and I even thought about selling with a limit on the fake push up at .62 around 10:15 ... but did not, as I was not mentally engaged enough to take it ... not unlucky though really, just bad stop placement and mental focus. No luck here, just bad trading.
Yeah, that's a tough break. Just out of curiosity, why did you move the stop to .83 instead of your sell point of .87? I usually don't put in a stop at all when i enter a position because of the possibility of it running up/down to clip my stop before moving in the preferred direction. I have found that it hurts me at times, but overall benefits me. Once it decides to move in the appropriate direction, then i will put in a stop. I've tried a 5 minute rule, where i don't put in a stop until 5 minutes are up, but i never abide by it, and just put in the stop once i feel the time is right.
BTW, selling on that fake push up to .62 would have been the correct decision, but i don't think i would have been able to pull the trigger either.
