Shared by
Jerry_C_BOWS
Did not realize that I was still in this trade. I thought it had stopped out. So, I am holding overnight.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-06-10 13:30:41 | FEYE | buy | $34.400 | long |
| 2014-06-10 13:35:47 | FEYE | sell | $34.280 | long |
| 2014-06-11 09:36:02 | FEYE | sell | $34.190 | 0 |
Comments
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It looks like maybe it stopped out, but there wasn't enough volume at the stop price for you to get a complete fill.
If you're using Prodigio, this can happen easily. I double-check all my positions many times a day in Prodigio, because it often either doesn't complete a fill for me, or I reverse a position accidentally. In this case, it worked to your advantage; in fact, in most cases it will, because if you don't get a complete fill at your stop price, then it means the stock has probably reversed and is going back your way.
I don't use stop limit orders right now; considering whether I should start again. I used to use them, but changed to doing all my stops manually, because it allows me to re-evaluate the setup and conditions, which allows me to ride through turbulence a lot more often without getting stopped out. Like in this case, I would have waited to see if the price held at or below my stop price, and probably wouldn't have exited at all (unless the price was moving down really fast and I wanted to scale out to reduce my risk of a quick tank past my stop).