Here’s a bit of a sad tale! I was short COST with a stop at 1018. I set the stop based on its price gap just below that level. I have drawn a red line to show where 1018 is, and as you can see, it traded briefly above this area, executing my stop-loss order, and then……….well…………..
I don’t set my stops super-right, like to the penny, but I think I need to allow for more wiggle room. How much? I’m not sure. Perhaps you have a suggestion. But the fact is that COST was a good short, and I wish I hadn’t been stopped out of this sucker.
Because it has a VERY long way to go.
