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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (15555)2/16/1999 10:52:00 AM
From: SE  Read Replies (2) of 44573
 
I ended up really getting hosed on that trade.

I had a 9 cst meeting....and I was trying to manage the loss, meaning I believed the play was to be short for today, but had to pick a stop loss point in case they continued to run it. Just before my meeting I put a stop in at 56.50, just above the high of the day.

I was filled at 57.00 for a huge point loss of 22.50. This is going to take some to come back from. Ouch.

My system went long yesterday morning on the abreviated RTH/Globex session at 1238.00. I decided to hold the short rather than switch because my system is based on real time trading, not globex and it cost me big time to do that.

Not sure where I go from here, but am a bit displeased with the hit.

Nuts.
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