Today I set up a specific order that was designed to limit the slippage of price so that, in the event of FAST movement, I would not get filled unless it was at the price I designated.
As a result of the news I was trading, price moved right past me and didn't get me in to a trade.
But, as we've learned before, it's much better to have price move past you and not get into a trade, only to have it turn and go against you after you "finally" got in. Even though I'm sad that I didn't get in, at least I didn't lose either.
There was a beautiful second trade opportunity just a few minutes later that missed me by one tic.
Oh well.
Today I used a tool that was designed by Market Mover Trading that helps to execute trades with precision. It worked beautifully and would have been "money" had the trade not slipped past me. Thanks MMT for providing a functional, easy to use tool that works like a charm!
Now on to a FULL day of "work".
Have a great day.
No comments:
Post a Comment