I was stopped out of soybeans yesterday, and today the market has finally moved upwards (albeit in overnight trade — the move will mean move if it is sustained in the main session — although the importance of the Chinese market in the current up-trend means an overnight move definitely means something at present). I was right to tighten my stop after a long wait for the market to do anything, but it put it much too tight, at the kind of level that is bound to get knocked out. This was a real amateur mistake. I made it because I was nervous about the market and felt like bailing out of the position.
Here is a picture: