14/5/2015

Another maddening day, stopped out of two trades that should have worked and this just annoys me no end.
The two other trades that lost were ok, one just did not work and one was a very well managed loser so happy there

No serious losses but so frustrated on these stop outs.


PL

VZ -  Long and stopped out, LoD around 6 cents beneath stop.

This was not a world beater but there was a good 20 - 25 cents in this trade. I have been caught like this a lot as it seems with the tight range after the open drive and correction there are stops building up under the range.

The correct way to trade would be to place a limit buy around the lows of the prior day and the same stop of 14 cents but it would be down another level.

This would produce a cleaner trade with more chance of working

M 

Another annoying trade. Not sure what to do in this case. Stopped out by a cent and then it runs up just over a dollar. Again it should have been expected after the tight range but it is not so clear on this chart where the stop should have been but a wash out of stops should have been expected with the sideways action.

ESV  tried a short but should have waited for a test of the low as it just kept moving up and got stopped out. Not a good trade and no anguish on this one as it just did not work

KO  Tried to short this near the close. It had fallen and looked to be in a gentle slide down. Trade did not work so took half off and then closed well below stops. A well managed trade that did not work. No issues with this one