Wednesday 18 July 2012

Short at 08:24, filled at 2581.50.  Market went sideways before taking out my stop for a 2 point loss.

Second trade was a long at 13:58, market went sideways into the open...;
E-Mini NASDAQ


....then down to 2576.75 taking out my stop for a 2 point loss.  The market then rallied 35 points higher (so far).  I was stopped out from a great trade for the sake of 0.5 of a point.

That's unfortunate, but comes with the territory when trading futures.  Perhaps it might have been more wise to place my stop just below the low that occurred before I entered the trade...

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