Well, that sucks!
On a recent trade, the price of the option came down to the stop loss point and the sale was made. The next day, the stock and option price literally zoomed the way we wanted the trade to go. Feeling sick is an understatement. The struggle with finding the correct stop loss point continues! It feels more like art than science. We will have to look at our stop loss policies and see if there can be some adjustments made.
With that said,this post is mainly just an avenue to vent. Having a stop loss is absolutely paramount. Getting caught on the downside of your trade without a stop, you are out of the game and that is a place no trader wants to be.
Time to move on to the next trade….
**
This blog is used for informational purposes only. It should not be
used as a recommendation to buy or sell any security. Do your own due
diligence before trading or investing. If you would like up to date trade information **
No comments:
Post a Comment