What's your biggest positioning mistake on a news day?
Everyone has one: the position held through the release that "couldn't possibly" go against it, the stop too tight, the size too large. The stories are warnings.
Share yours:
- the release and the position
- what went wrong
- the rule you added afterwards
The bid, ask and slippage guide explains half of what goes wrong on those days.
Background: Bid, ask and slippage: why your order fills at a different price
Why buy trades open at one price and close at another, why a stop can trigger when the chart never touched it, and how slippage happens.
Why did my stop-loss trigger when the price on the chart didn't reach it?
Charts usually show the bid price, but a sell position's stop is triggered by the ask. If the spread widened, the ask could have touched your stop while the bid line stayed away from it.
What is slippage?
The difference between the price you expected and the price your order was filled at. It is most common in fast or thin markets, such as around news releases.
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