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If you set up a stop loss you could make it impossible to lose a huge enough amount on a single trade to wipe put the profit on your prior ones.
by topmonk 8y ago
If you set up a stop loss you could make it impossible to lose a huge enough amount on a single trade to wipe put the profit on your prior ones.
- bboreham 8y ago“Stop-loss” orders don’t work perfectly. If the entire market has gone South, you can lose a lot more than your stop-loss says.
- blibble 8y agoall stop losses do is create an order when a certain condition is met (e.g. last trade price is below X) there's no guarantee it will be created immediately, execute at all, and if it creates a market order you might very well not like the price it does end up executing at