Jump to content

Recommended Posts

Hi, 

I'm trying to move my stop loss to in the money from 2973.35 to 2950. The current price is 2946.

However once I've changed the stop loss and click anywhere to return to the charts etc, the stop loss reverts back to my original 2973.35.

The same thing happens when I try and add a limit target. 

I presume it should be possible to move stops and limits on open positions?

Thanks

Share this post


Link to post

@Redeye76, sounds like it might be too close to the actual price especially as stops auto widen going into a big news release, I presume you are talking S&P. Try moving in increments towards where you are trying to place it.

Share this post


Link to post

Thanks.

I just tried moving the stop to 2970 as a test but still the same thing happens. It looks like it sets but then as soon as I go to click back to the charts it goes back to the original stop loss of 2973.35.

Same thing with trying to add the limit order (2920). It looks like it sets but then it gets lost when I click out of the positions window. 

Share this post


Link to post

Just re-tried and it worked on both stop and limit! 

So you can't move the stops if there is 'news' coming out? 

 

Share this post


Link to post

you can move them but the thing is that FOMC is the biggest news event there is and so anything other than a guaranteed stop is going to be prone to slippage where price just jumps over your stop and leaves you exposed. To avoid this the min stop level is widened leading up to, and for some time after, the data release, be aware well before and plan and adjust in good time.

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      7,881
    • Total Posts
      41,780
    • Total Members
      52,036
    Newest Member
    eriseley
    Joined 15/12/19 18:54
  • Posts

    • I think that was in reference to the different strategies as in a mean reversion system with smaller targets needs more trades than a trend following system that is longer term.
    • 'Trading only 50 times a year limits your P&L' 'Trading 500 times a year lets you exploit your edge' Pretty much goes against all professional wisdom on the subject of trading.  'The more you trade, the more you lose.'
    • Just listened to the Jack Schwagger podcast.  Typical BS: Stick to the rules and be disciplined! Except when it stops working - then change the rules! Know the market!  Limit your losses!  Analyse every trade - that will help prevent you losing!  But everyone loses throughout their career!  It's all about losing less frequently!  Blah blah blah ... In other words, 'To hell with this ... I'm going to get rich by writing a book instead'
×
×