I got caught out with a stop loss firing yesterday. I had taken out positions (with trailing stop losses in place) in several races yesterday - all monitored by guardian. None of them fired except one, but it fired in a peculiar way losing me a little money.
Looking at the market I think a gap appeared, it wasn't that the odds were drifting as the market quickly returned to a normal state trading well within my stop loss.
Also my offset bet (and I guess the stop) was set up with greening, and the stake the stop fired at was unusually large compounding the problem.
If the stops now behave the way I think they behave I am wondering whether I can use them at all? As I take out my opening positions quite early when the markets can be a bit thin.
I know it is possible to use right-click to manually set up a stop, but I thought this feature could not be used with guardian - am I correct on that? If so, is there another way of setting up a stop once a position has been taken that can be looked after by guardian?
help with stop loss
My experience of stop losses are littered with disasters
I think good traders will find ways to manually recover their positions without using stop losses. As you correctly point out, a momentary gap in the market will destroy all your hard work
I've actually been taking advantage of this on weaker markets by placing back bets 3-5 ticks out. It's amazing how often they get triggered, within seconds I'm greening up for an easy profit
I think good traders will find ways to manually recover their positions without using stop losses. As you correctly point out, a momentary gap in the market will destroy all your hard work
I've actually been taking advantage of this on weaker markets by placing back bets 3-5 ticks out. It's amazing how often they get triggered, within seconds I'm greening up for an easy profit