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> They sold off my entire holdings for $0.01 - $0 after fees. Why did you have such an order? I can understand a stop loss order at some small percentage of th
by piaste 9y ago
> They sold off my entire holdings for $0.01 - $0 after fees.
Why did you have such an order? I can understand a stop loss order at some small percentage of the original purchase price, because you still get something, but one that says "if this currency suddenly becomes worthless, give it away for $0.01" doesn't make any sense.
- deleted 9y ago[deleted]
- abandonliberty 9y agoSounds like a stop order without the limit. https://en.wikipedia.org/wiki/Order_(exchange)#Stop_order https://en.wikipedia.org/wiki/Order_(exchange)#Stop_order >When the stop price is reached, a stop order becomes a market order. Market value was extremely low due to low liquidity. This is a risk with stop orders that many investors aren't familiar with.