I got stopped out this morning. My stop was too tight: I set it only 1.8% below yesterday's close, and today it got tested right away. The day low is 3.17, only four pennies below my stop! OK. It's time to figure out how to set stops properly.
Positives: stops do buy you peace of mind. There was no rollercoaster of what-should-I-do-now-sell-or-wait. When the stop got hit, the order went out. Just like a machine. I was a little bummed out, but not too bad, because the loss was limited.
No comments:
Post a Comment