The day started so full of promise, then the markets opened. My EAGA position was sitting with a healthy £7.4 non-guaranteed profit at the close of trading yesterday. Non-guaranteed being the operative word. The stock opened down and continued to fall. I was stopped out at 8:05am at a price of 59.2, well below my stop price of 64.69. Yet another example of slippage in action. Fortunately I exited at a profit even if it was only £1.91, better than a loss any day.
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Until next time,
“May the markets be with you!”
Spread betting beginner
I checked when my trade stopped out and the time given was 8:12:38 am. When I look at the 1 minute plot of the price this morning the CMC site and the IG site show the price being about 58. So I think I am very lucky to have been stopped out at 62.95. I can’t explain it!!