Silly Mistake
Today was one of those days where I didn't find a lot of setups, but I did find a couple really great ones such as TNE at 10:00 ET. Nevertheless, there was one really silly mistake I made which was annoying!
I was scalping the EMinis this afternoon and caught the YM short at 14:54 ET. I had been watching the 1 min 2T setup (type of double top) and I hit the bid price to get a fill at 13654. Since I was looking at it as just a scalp I went and was looking at 13645 for a target based upon the place it broke out from around 14:30 ET. I don't trade a lot of quick scalps like this so I often place my target order in ahead of time to just have the best chance of getting a fill. Since the indices were at a lot of resistance on the 15 minute charts I figured it would be an easy move.
Unfortunately, when I went to place the order at 13645 I had gone in to change the limit order to that price and hit 13655 instead! argh! They filled me immediately of course since the YM was trading at 13651 on the ask. The low before it popped a bit was 13644, so the only validation I had was that I had at least wanted the right price! (ok... so that really doesn't help, but hey...)
Granted, it could have been worse... It could have been trading at 13655 when I did it! Of course when I go and here that ding right away when I pushed the trasmit button I knew I had messed up and got that sort of "deer in the headlights" reaction until I realized what I had done... Another reminder to always double check your prices! In any case, here is the chart of the setup with where I had THOUGHT my exit order was placed at! :(


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