Mistake/Slippage Journal

Report for the week 06/10/08 - 10/10/08

Trading deviation for the week (Slippage): -0.01316R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.92694R
Trading deviation since start of thread (Mistake): -32.07896R

Nothing much!

Report for the week 13/10/08 - 17/10/08

Trading deviation for the week (Slippage): 0R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.92694R
Trading deviation since start of thread (Mistake): -32.07896R

Nothing at all!

Report for the week 20/10/08 - 24/10/08

Trading deviation for the week (Slippage): 0R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.92694R
Trading deviation since start of thread (Mistake): -32.07896R

Nothing again!

EUR/USD is below where it was when I started learning about trading in Year 2006!

Report for the week 27/10/08 - 31/10/08

Trading deviation for the week (Slippage): +0.06814R
Trading deviation for the week (Mistake): -0.07143R

Trading deviation since start of thread (Slippage): +0.99508R
Trading deviation since start of thread (Mistake): -32.15039R

Mistake of -0.07143R came about as I was taking many trades at one time and there was some confusion. Seems like I need an additional monitor!

Report for the week 03/11/08 - 07/11/08

Trading deviation for the week (Slippage): +0.00512R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +1.0002R
Trading deviation since start of thread (Mistake): -32.15039R

Check out the attached rollover rates calculated on 11 November 2008!

There may be error(s) in calculation.

Report for the week 10/11/08 - 14/11/08

Trading deviation for the week (Slippage): -0.05789R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.94231R
Trading deviation since start of thread (Mistake): -32.15039R

Negative slippage due to weekend movements! A stop was triggered while I should be in dreamland on Monday 2am (GMT +8). Instead, I was wide awake seeing my stop being executed with a spread cost of 10! My heart sank and I went back to bed......

Report for the week 17/11/08 - 21/11/08

Trading deviation for the week (Slippage): -0.00982
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.93249R
Trading deviation since start of thread (Mistake): -32.15039R

Nothing much!

Report for the week 24/11/08 - 28/11/08

Trading deviation for the week (Slippage): -0.16992
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.76257R
Trading deviation since start of thread (Mistake): -32.15039R

Many small slippages do add up to become a big slippage!

The relatively poor rollover rates are burning holes in my pockets!

Report for the week 01/12/08 - 05/12/08

Trading deviation for the week (Slippage): 0R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.76257R
Trading deviation since start of thread (Mistake): -32.15039R

Nothing!

Regarding the trading deviation due to slippage, I have at my choice two brokers, between whom I will elect to use depending on trading conditions. Out of my love for Broker One that has lasted for some time, I would like to add that I often miss its instant execution when I trade with Broker Two.

Time flies!!

Report for the week 08/12/08 - 12/12/08

Trading deviation for the week (Slippage): -0.07228R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.69029R
Trading deviation since start of thread (Mistake): -32.15039R

Report for the week 15/12/08 - 19/12/08

Trading deviation for the week (Slippage): 0R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.69029R
Trading deviation since start of thread (Mistake): -32.15039R

Nothing!

I am two third through reading "Reminiscences of a Stock Operator". It is an eye opener!

Check out the rollover rates as at 22 December 2008! Accuracy not guaranteed!

Report for the week 22/12/08 - 26/12/08

Trading deviation for the week (Slippage): 0R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.69029R
Trading deviation since start of thread (Mistake): -32.15039R

Nothing!

Report for the week 29/12/08 - 02/01/09

Trading deviation for the week (Slippage): -0.10328R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.58701R
Trading deviation since start of thread (Mistake): -32.15039R

Slippage due to fast moving market! :nerd:

I wish everyone happiness and good health!

Report for the week 05/01/08 - 09/01/09

Trading deviation for the week (Slippage): +0.00181R
Trading deviation for the week (Mistake): 0R

Trading deviation since start of thread (Slippage): +0.58882R
Trading deviation since start of thread (Mistake): -32.15039R

Some positive slippage at last!

Report for the week 12/01/09 - 16/01/09

Trading deviation for the week (Slippage): +0.01638R
Trading deviation for the week (Mistake): -0.06323R

Trading deviation since start of thread (Slippage): +0.6052R
Trading deviation since start of thread (Mistake): -32.21362R

It was a peaceful night (morning in eastern time). Happily I opened an order window to enter a trade. I clicked "Submit". From that very moment, my night was no longer peaceful!!

My beloved trading platform hanged and the order window stayed where it was instead of disappearing as it should! After what seems like eternity, a window popped up with a button called "Retry" or something. I clicked on it. After a while more, another window popped up. I thought my order did not go through. So without reading what the new window said, I clicked "Submit" on the original order window again. Still, the platform hangs. Ultimately, I disconnected the platform and reconnected. The platform took some time to reconnect...

When the platform was finally reconnected again, I have a duplicate trade!! It was in losing situation mainly due to spread cost. I immediately closed the duplicate trade!

Well, the problem is I was not cool enough to read in a clear manner what the two pop up windows really said. I checked my java log and saw that the second window asked me to disconnect and reconnect the platform to avoid having a duplicate trade. I had resubmitted the order instead. Most probably, I did not notice that the platform was already hanging before I executed my order.

I now make it a habit to disconnect and reconnect the platform prior to executing any trade.