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I'm not buying your conclusion that stop-loss orders don't work and a sign of somebody who doesn't know what they are doing. Sure, assuming there is a flash cr
by nodesocket 10y ago
I'm not buying your conclusion that stop-loss orders don't work and a sign of somebody who doesn't know what they are doing.
Sure, assuming there is a flash crash your stop-loss will convert to a market order and if you are using a big name brokerage you order will get filled (maybe delayed, and most likely at a lower price than institutions, but it will get filled).
What is your background if you don't mind me asking? Do you work in finance or in the market?
- hughdbrown 10y agoIt's right there in his profile (https://news.ycombinator.com/user?id=chollida1 https://news.ycombinator.com/user?id=chollida1): > Former compiler writer, currently head of algorithmic trading for a hedge fund, still write code for 80% of my day.
- nodesocket 10y agoMy bad/fault, I didn't look. I wasn't trying to be rude or condescending, just curious his background.