{"id":43410,"date":"2016-03-30T16:31:36","date_gmt":"2016-03-30T20:31:36","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=43410"},"modified":"2023-04-25T17:27:29","modified_gmt":"2023-04-25T21:27:29","slug":"its-a-shame-i-got-stopped-out","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/its-a-shame-i-got-stopped-out","title":{"rendered":"It\u2019s a shame I got stopped out"},"content":{"rendered":"

Here is an exchange on our trading desk in NYC today.<\/p>\n

Trader: She got stopped out of her position today.\u00a0 It\u2019s a shame because the market has pulled back in a bit.<\/p>\n

Me: You have to trade with stops.<\/p>\n

If you were stopped out and then thereafter a stock\/product\/market traded in your direction too often trader laments their bad luck.\u00a0 Most often this is not bad luck.\u00a0 When you have a healthy stop, It does not help you improve wondering if your stop was too tight.\u00a0 Or the market gods are against you.\u00a0 Or your trading psychology is not strong enough.<\/p>\n

Better to consider whether you were too big too early.\u00a0 Better to consider how you could have stayed within your risk parameters<\/i> and caught the reversal.<\/p>\n

Sustaining traders trade with stops.\u00a0 You have to trade with stops.\u00a0 If you get stopped out and the trade reverses, well that is part of the game for the winning trader.<\/p>\n

Related Posts<\/b><\/p>\n

Try automated stops<\/a><\/p>\n

Placing your stops correctly<\/a><\/p>\n

A conversation on an insufficient stop loss in Valeant<\/a><\/p>\n

*no relevant positions<\/p>\n

\"tradingworkshop\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here is an exchange on our trading desk in NYC today. Trader: She got stopped out of her position today.\u00a0 It\u2019s a shame because the market has pulled back in a bit. Me: You have to trade with stops. If you were stopped out and then thereafter a stock\/product\/market traded in your direction too often trader laments their bad luck.\u00a0 … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4923,4924],"class_list":["post-43410","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-shame","tag-stopped","no-post-thumbnail"],"yoast_head":"\nIt\u2019s a shame I got stopped out | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/its-a-shame-i-got-stopped-out\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s a shame I got stopped out | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Here is an exchange on our trading desk in NYC today. Trader: She got stopped out of her position today.\u00a0 It\u2019s a shame because the market has pulled back in a bit. Me: You have to trade with stops. If you were stopped out and then thereafter a stock\/product\/market traded in your direction too often trader laments their bad luck.\u00a0 ... 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