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Date/Time: Thu, 02 May 2024 08:44:32 +0000

Post From: Software glitch or user error?

[2013-11-10 19:50:06] Link To Thread - Link To Post [Go To First Post]
VF57392 - Posts: 4
Hello, I really hope you can assist me: Last Friday I wanted to trade the unemployment report. I did not know if the market was going to shoot up or bottom out, so I set up a 10 contract OCO trade with a trailing stop three ticks above the trading price at 7:28 and also a 10 contract OCO trade three ticks below the trading price with a trailing stop. When trading occurred the next minute, the market shot downward triggering my sell order and I immediately was filled, then the trailing stop was hit as the market reversed immediately. This is where the problem occured: Instead of triggering my buy order and then either hitting my target or hitting my trailing stop, it triggered the buy order and reversed and bottomed out. It did not hit my trailing stop and cost me thousands of dollars. My question is why? What did I do incorrectly when I set that up. I thought by having an OCO both above and below the currently trade, I could not get hurt, but I got killed. Attched is the trade record. Please assist! Date Time Of Last Edit: 2013-11-10 20:17:27