I just placed a trade in gold from an hourly set up. CS uses a different increment count than my old broker so I incorrectly placed the trade. How the trade played out was it went in my direction then came right back against me and stopped my to the pip +1 it then fell off a cliff and would have hit my profit target within minutes of hitting my stop!
-14 points
I knew my stop was in the wrong position as I calculated it incorrectly because of the different broker. The other interesting thing is if I had placed the trade as soon as I saw it even though my stop still would have been incorrect it would have never moved against me by a pip! Hesitation
No comments:
Post a Comment