Took a seroius knock on the market today. Got a sms just before noon advising that one of my trades was trading below my stop loss exit price. I did not react, coz, I was so involved with closing arguments in the Oscar Pretorius case. Anyway damage done....(The counter went down +- 20 % this afternoon after my warning). I got out of the trade at about 4 pm. Will try and make these losses up next week. May take a couple of months though, but that is trading and school fees I had to chip in for. Hopefully, I will learn from this and not make this mistake again. The share was Pinnnacle. 25% down in one day. My trader friends out there...Please learn from this.
I have learned my lesson with stop losses as well. If it triggers, sell regardless of what may happen.. The the worst is when you get stopped out and 5 mins after that the market turns.. Unfortunately that is always in hindisght..