My $SPX short got stopped at 0.3752. No excuses, the level just didn't hold sellers.
The call was a short from 0.364, the line where sellers had to show up. Best move was 0.8%, nowhere near the 1.93% TP1 needed, and BTC ran 0.88% the same window, so the whole tape leaned the other way. The wick tagged my stop and closed back inside, that's just how it goes. Next time I check what BTC is doing before I take an alt setup in the same direction.
What happened:
- Zone 0.3625–0.3645 filled right at the post
- Max move for us 0.80%, short of the 1.93% to TP1
- Stopped at 0.3752 after ~5h30m
- Wick took the stop, close was back inside
- BTC over the same window: +0.88%
How do you handle a stop that wicks you out but closes back inside?
Not advice. Your risk.
The call was a short from 0.364, the line where sellers had to show up. Best move was 0.8%, nowhere near the 1.93% TP1 needed, and BTC ran 0.88% the same window, so the whole tape leaned the other way. The wick tagged my stop and closed back inside, that's just how it goes. Next time I check what BTC is doing before I take an alt setup in the same direction.
What happened:
- Zone 0.3625–0.3645 filled right at the post
- Max move for us 0.80%, short of the 1.93% to TP1
- Stopped at 0.3752 after ~5h30m
- Wick took the stop, close was back inside
- BTC over the same window: +0.88%
How do you handle a stop that wicks you out but closes back inside?
Not advice. Your risk.
