When stop loss doesn't trigger and price improves:)

[d08]

Good idea - Yahoo shows Thursday low 35.67 at 9:32am, but it was a huge wickless green candle (looking at 1 minute interval chart), with extremely low volume. The candle ended at well over stop loss at 35.81 (also the candle's high). So actual shares traded at below my stop loss likely even much smaller again than even the low volume on that candle would suggest.

Look at time & sales, not charts.

 

[Anoobis]

Thanks, d08. I think I need a particular subscription on IB to get a previous day's time and sales - I just tried. (I don't need it enough to subscribe.)

I think you likely hit nail on head about it in post #10 on this thread. It makes sense and sounds like good feature to somewhat reduce chance of silliness in markets.

You =

 

[CharlesS]

Thanks to both of you -- I've seen the same several times and have also wondered about these lucky escapes.

 

[IAlwaysWin]

Stupid question, but, how do you see that the stock traded at 35.67 (below your stop)?
I assume that you had a sell stop loss.

Why do you have to be rude? That's not a stupid question my man..

 

[Turveyd]

The Sell Stop, triggered, became a Limit order, but didn't get filled as didn't get filled ie the Ask didn't drop enough, what your seeing below is a sell.

 

[rb7]

Why do you have to be rude? That's not a stupid question my man..

I meant, my question might be stupid, not the OP's original question! Check the 'but' right after.

 

[IAlwaysWin]

I meant, my question might be stupid, not the OP's original question! Check the 'but' right after.

Yes, I've realized that.. My mistake.

 

[GrowleyMonster]

The default stop trigger condition if I remember correct is two asks below stop for a long. It's not simply the last, although you can customize it to be. This is what you seem to want.
Your stop never triggered, so obviously your position was not closed.

This.

And waiting for two instead of triggering on just one will prevent a lot of false stops from bad data points. So it's a good thing. I have seen my positions on occasion dip momentarily past my stop and not trigger unless it holds for a couple of ticks.

I don't fuss with it. I put my stop where I think I should put it in the first place and if it triggers, it is doing what it is supposed to do. If it doesn't trigger, it is not doing what it is not supposed to do. The only time I move it is when price is a couple of candles above break even, and then I sometimes move it up to break even.