do you know how to deal with this situation...

Genevian Speculator said:
im with ib and it was my fault beacause the stop limit order had the smallest possible gap between auxiliary and limit price
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Stop Limit Orders are not the same as a Stop Loss Order. A Stop Loss order becomes a Market Order when hit and usually, executed immediately, at the next available price. Stop Limit orders once, triggered becomes a Limit order meaning the broker is instructed to sell it at that price or better. If the stock price is going down, that order will not get filled for obvious reason.
 
smallfil said:
Each trade should be treated equally as any other trade. Ever hear of risk management? If you only risk 2% per trade then, on a worst case scenario and even assuming a stock gaps down against you, should not matter. The most you can lose is 2% most days. A lot of times, you will lose 0.5%-1%. Once, in a while, you get a gap down and suffer a larger loss but, that is part of your risk management. As long as you take care of your losses, the profits will take care of themselves. Then, you move on the next trade which could be a big winner which wipes out all your smaller losses.
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%%
Good points;+ mr Miguel=take a break, can help.[Rich Dennis told jack schwager= ''get your head out of the mixer when you get beat up'']
Personaly, I hate any kind of loss ; but realizing they are a business expence/business expence helps.
WHAT really helps me= trade smaller.
Easy to add on to a liquid winner/swing/position trade. I seldom trade single stocks anymore, so usually a loss mean the main trend changed...…………………………………………………………………………………………..+ in that case it takes time/take a break to confirm that major trend change.
 
Scared paws syndrome


Lower your size until the loss doesn’t matter


Say u normally trade 1000 shares with a $1 stop


Drop to 100 shares with same stop

and then from there scale back up over time.


Hell drop it to 1 share but you have to reprogram your mind that losing small is given if you want to succeed in this long term.
 
I agree with the comments. My addition, especially if there is fear in taking small, low risk trades, it to start doing work on PROCESSING FEAR. Especially now during this time when there is so much fear in most people!

Processing it means letting yourself feel it. Not trying to run from it or fix it or ignore it, but actually go into it. Let it RESIDE in your body.

It is a process to learn how to do this, but it REDUCES fear in the body over time and makes trading much calmer. I work with traders to learn / use this tool for great results in their trading, and I have worked with it for a few years myself. I am a different trader now!

Do you ever feel like an addict chasing trades, etc? One time I even went to a gamblers anonymous meeting for help! (Wasn't a good fit.) But addictions are an effort to get away from FEELINGS. If you go INTO them instead, and work this process, over time it changes everything.

If you can TOLERATE a feeling and not have to act on it, you have your choice back. i.e. you are able to wait for the correct setups without acting based on compulsion, but instead based on your trading plan.
 
Andrea Wylan said:
I agree with the comments. My addition, especially if there is fear in taking small, low risk trades, it to start doing work on PROCESSING FEAR. Especially now during this time when there is so much fear in most people!

Processing it means letting yourself feel it. Not trying to run from it or fix it or ignore it, but actually go into it. Let it RESIDE in your body.

It is a process to learn how to do this, but it REDUCES fear in the body over time and makes trading much calmer. I work with traders to learn / use this tool for great results in their trading, and I have worked with it for a few years myself. I am a different trader now!

Do you ever feel like an addict chasing trades, etc? One time I even went to a gamblers anonymous meeting for help! (Wasn't a good fit.) But addictions are an effort to get away from FEELINGS. If you go INTO them instead, and work this process, over time it changes everything.

If you can TOLERATE a feeling and not have to act on it, you have your choice back. i.e. you are able to wait for the correct setups without acting based on compulsion, but instead based on your trading plan.
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What is the deal with the random capitalized words? Is there a science behind it or you just pull it out randomly from emphasis? I feel like I have seen it somewhere before.
 
wrbtrader said:
If you're setting your stops and the markets moved right thru them...

It's an issue you need to talk to your broker to find out what's going on with your stop loss protection. Yet, if the problem continues...time to find a new broker.

wrbtrader
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Often it is not the broker but the market gap down.

It happened to me at least twice, once on AAPL the other time on FB. I remember the AAPL case distinctly. I bought the stock at $540 (prior to the 7:1 split), I just read the book by O'Neil telling his reader to put a -8% stop on stocks so I put a stop at $500. One day the stock gapped down to $450 and I was stopped out at $450. Never got back in after that.

After that I stopped putting automatic stops on my holdings.
 
Genevian Speculator said:
.... where you lost a trade, your stop loss didn't hold and the loss became larger then planned (no this is not a cry post). My Problem is not the loss but since then I the net trades you do not have the guts to enter a position, only to find hindsight they would have done well.

how do you find your confidence again? walk away for a week?
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Take a break definitely and then come back stronger with the mindset that everything will be alright, trust yourself.
 
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