Hey guys, I had placed a buy stop order and unfortunately, the broker’s feed froze and I did not get filled in as the market already moved past my entry point. When the servers were back working, I had a shade of yellow on my mt4 and I immediately removed my order (accuracy of entry is important with my strategy) and placed a buy limit order trying my chances of the pair reversing back to my entry point to fill me in. It has been two hours and the trade is in good profits of 2R and it sucks that I am not in it. It is my first time dealing with a situation like this and this feels worse than missing a winning trade as I saw this happen live. May I know how do you guys deal with situations like this?
That is tough, and it has triggered an emotional response, which you need to control. A great lesson to learn, which will be a future life saver. Opportunities are missed every day, for whatever reason, and there’s always others to follow.
I suggest you pat yourself on your back that your strategy is working well, and that you can make profitable trades. And remember, forex trading is not a one way street, the trade could have failed. So write it off as a business expense, and go out and celebrate instead.
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Thank you so much for your supportive words, Steve. I am trying to look at the bigger picture by saying to myself that this is one trade out of the thousands I will take in my lifetime. Just to tell myself the insignificance of a single trade outcome. Thanks alot once again.