3 ms·
For a bit more color, as stop makes sense for you since you’re not there 24/7 making decisions. But if you are, there’s no reason to just auto trade a position
by vgatherps 4y ago
For a bit more color, as stop makes sense for you since you’re not there 24/7 making decisions.
But if you are, there’s no reason to just auto trade a position away. The decision of “what to do when price hits X” is a function of many things instead of price, and you’re better off dynamically deciding.
Consider that you could already implement a stop as a 24/7 trading firm anyways