I had a security trading at 2.10, i set a stop limit to trigger at 2.05 and sell on limit at 2.00 to incur a maximum loss of .10 per share. The security reached 2.05, I went to check my order status and the limit was executed at 2.04 even though it was a stop limit (not stop market) of 2.00 with a trigger of 2.05.
Any ideas what i did wrong ?
You need to understand that there is no ’retroactive’ selling to a historic price.
What happens is that there is a sale at 2.04, and that triggers your watch point. Then, you have the choice to sell for whatever the next deal price is (or not), but it could be 2.04 or 1.90 - or 2.10 or 0.01 or anything. There is no way to go back in time and ’have sold’ at 2.05, if that price is no longer offered, it is no longer offered.
