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Daytrading question
Jun. 11th, 2020 08:07 pmSometimes I gamble. Now is a great time for that, plenty of volatility. I don't use leverage so it is not very entertaining.
So far I like it, and earning a bit more than losing on both ups and downs. But there is one thing that where I often err, and I am not sure why.
Here is my rookie question to more experienced traders:
I spend $1000 buying 100 shares at $10.00 each. In one hour, my sell price is at 10.05. I can close at $5 profit, but instead I move my stop loss to 10.02 and take profit to 10.10. In the following 10 minutes, price bounces between 10.03 and 10.09 few times, then it drops from 10.03 to 9.94. My stop loss is then executed at 9.99, and I just lost $1 instead of earning $2.
The numbers above are not too fictional, small losses happen as described above with my trading style. I wonder if it is expected that the broker sells below my SL?
So far I like it, and earning a bit more than losing on both ups and downs. But there is one thing that where I often err, and I am not sure why.
Here is my rookie question to more experienced traders:
I spend $1000 buying 100 shares at $10.00 each. In one hour, my sell price is at 10.05. I can close at $5 profit, but instead I move my stop loss to 10.02 and take profit to 10.10. In the following 10 minutes, price bounces between 10.03 and 10.09 few times, then it drops from 10.03 to 9.94. My stop loss is then executed at 9.99, and I just lost $1 instead of earning $2.
The numbers above are not too fictional, small losses happen as described above with my trading style. I wonder if it is expected that the broker sells below my SL?
