Had a nice little short going, riding it down for a few days and manually bringing down the SL. Then bam. Get shafted.
Does anyone not use SL because of this? Maybe use "mental" stops? Or smaller position size?
I am a newbie - but this is not the first time it's happened to me...
as it happend.
Shorted on the 19th @ 6208
by the 25th had a SL of 5950 (this morning)
my broker only got me out @ 6286
Of course, had I not sold, would have been sitting in a decent profit...
Does anyone not use SL because of this? Maybe use "mental" stops? Or smaller position size?
I am a newbie - but this is not the first time it's happened to me...
as it happend.
Shorted on the 19th @ 6208
by the 25th had a SL of 5950 (this morning)
my broker only got me out @ 6286
Of course, had I not sold, would have been sitting in a decent profit...
How do you handle a spike?
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