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Lost money to a weekend gap

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@yokoyi - 3 weeks ago - Technical Analysis

I opened two nasdaq BUY trades on Friday and didn't close them before the market closed for the weekend so the trades were stuck in an open position over the weekend. I woke up on Monday around 2 am to find out the market opened lower than it closed causing a gap, This meant the price jumped over my stop loss without triggering it and so the broker activated the stop loss at the next available price which of course was a bad price for me. I incurred a loss on the trades because of this so called "gapping".

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@yokoyi - 3 weeks ago

Also got charged overnight swap fees but the fees were not too high with this broker

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@sandy20 - 3 weeks ago
Quoted - yokoyi

Also got charged overnight swap fees but the fees were not too high with this broker

It sucks right? But sometimes overnight gaps can work in your favor too. If I am keeping a trade open till the next day I try not to leave aot of money in my account so that if the trade gaps too much against me the account will go into negative and the brokers negative balance protection will handle it

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