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Buy, Mid, Sell Price


RichB-Trader

Question

Hello,

 

Bit of an obvious question but wanted to check, as on a few occasional I have been stopped out by only 0.1% of the price so want to make sure I am using the right one.

 

For a long position, I open the position on the BUY price, and close on the SELL Price.

For a short position, I open the position on the SELL price, and close on the BUY Price.

 

Therefor if you are targeting (accurately) support and resistance zones at say 1000 on a certain stock, I should leave a little more headroom to take account of the spread which lags the overall price?

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