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M0ntes0l

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Posts posted by M0ntes0l

  1. It's me again. Last week I placed a buy on Pfizer with a very generous stop down to 3671 allowing for their results this week. This morning I have been stopped out with that price being quoted as the exact low, yet when I look at the chart and adjust the price to ask as you suggest, it doesn't get anywhere close to that low. I am another £200 down and it is the fourth time in a month when I have been stopped out with the price just nudging my stop then recovering. Whilst not appearing paranoid on a Monday morning, that seems more than unlucky

  2. 9 minutes ago, Caseynotes said:

    Hi, yes very unfortunate. To open a long position you need to pay the Ask price and to get out of the position you take the Bid price, presuming you have left your chart price on the default Mid it would not show that the Bid price reached a low of 23224.2 during the 3pm hourly candle which was just enough to trigger your stop.

    If you go to the chart, right click and select 'Price' then toggle between Ask and Bid the low will shift up and down by the amount of the spread at the time. 

    image.thumb.png.faa2ec60922c73825dfd56925bb801cd.png 

    Thank you Caseynotes, that is clear and adds to my sum of knowledge. Twice I have been stopped out by a point or two in the last week, very frustrating, but your explanation is very helpful thank you

     

  3. I apologise if this is covered elsewhere, I have tried searching.

    Today I placed a long spread bet on the Dow at 23,434 and set a generous 200 point (actually 209) stop loss at 23,225. The trade at one time was up 75 but from there it ran down close to the stop loss. By chance, the lowest point according to the chart was 23,226 but the stop loss was triggered and I suffered a 209 point loss. Since then the market has recovered and I would now be about 200 points ahead. I appreciate the market is choppy at the moment but when is a stop a stop? Might it have been triggered at 23,227 or 23,230?

    ,

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