9:15 AM
Adventures in trading this AM. On Stop & Reverse situations I enter the stops in two parts, 1st is stop loss on original position, 2nd is buy (in this case) on stop with stop loss on that position if buy on stop is hit. Canceled buy on stop with conditional stop loss @ 8:25 AM, then tried to cancel base stop @ 8:35 thinking I could get better entry (market was trading in 1132.00 area). Couldn't get a confirm that stop was canceled so entered order to close short ES's which was executed. Finally called TOS trade desk a little while ago and found out 2nd stop loss cancel was unsuccessful and was actually executed so am long ES @ 1135.00.
Changed Stop & Reverse to straight Stop Loss @ 1135.00.
Friday, September 24, 2010
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Al, had the same thing. SL at 1036 didn't execute. ToS did the right thing for a change and executed it at the price it was suppose to execute. Took the free ride to where its at now. I've never had them do the "right" thing before until today.
ReplyDeleteAre we having fun yet? Hedged long ES's a little bit ago with options.
ReplyDeleteExactly my thinking, will look at dumping option hedge and adding to long ES's around that level depending on conditions - "ramp up Monday" in the offing
ReplyDelete