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February the 5th Overnight Trade Overview

February 6, 2020

6-2-2020

Greetings traders,

Yesterday’s short trade – the entry was on February the 6th of 2020 – is described below:

Trade entry  – Emini future price = 3334,75

Trade exit – Emini future price = 3354,75

Stop loss triggered – 20 Emini points

Take profit triggered – none

Trade loss = 20 Emini points

Trade loss in $ per contract = $ -1000

The entry was on the blue circle on the left and the exit was on the second blue circle on the top (stop loss hit). Today’s stock market open is on the third blue circle on the right.

Unfortunately, this is an interesting example of how stop loss orders sometimes can damage profitability.

Regards,

Marco Simioni

Nightly Patterns

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