Stop loss problem

[brierleybonker]

I had a situation last night, the sky match leyton o V brentford, at half time I placed a back bet of £20 on the draw, as the 2nd half petered out, my profit mounted, I placed a stop loss behind 5 ticks & moved it down behind my profit
I had it on £15 profit when there was a goal. I panicked a bit because the trade button went up to £17 in the red, should I have let it ride To realise my £15 stop loss profit? In any event I clicked on trade button £ lost £17. Would it have greened out? Did I boob?

[TheTub]

The stop loss will not work in this situation.

The market is suspended when the goal is scored. Your stop price will no longer be available when the market re-opens.

[brierleybonker]

Thanks for your reply, so, what would be the best thing to do in a similar situation, wanting to let my profit run, get out as soon as I am satisfied with my profit? Stop loss is no good to preserve profit, is it

[TheTub]

Using your skill and judgement anticipate when the ideal exit point has arrived.

You could use Soccer Mystic to model what will happen to the prices should goals be scored at certain points throughout the game. This might help you identify the ideal exit point.