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Thread: Stop loss

  1. #1

    Default Stop loss

    i just wanted to find out a few things about a stop loss.
    Say a stock closed at $20
    You have a stop loss at $19
    Howver if the stock opens at $18, does the stop loss make you sell at $18?
    if anyone could explain it further, it would be appreciated!!

  2. #2

    Default Re: stop loss

    Short answer - yes you close out the position at $18, its called slippage.

    Stoplosses are discussed here:

    Don't take investment advice from seafood.

  3. #3

    Default Re: stop loss

    i use ComSec which allows me to enter a Trigger Price and an At Limit essentially allowing me to specity a range for when the stop loss is triggered, it also allows me to specify a Trigger volume and a Trigger Time range, so for me it just depends on how i set up my triggers

  4. #4

    Default Re: Stop loss

    thanks for your help!

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