I use commsec for my trading, and for a couple of my more speculative shares where I can envisage one bad announcement could really send the stock plummeting rapidly, I have some falling sell triggers in place to limit any potential losses. What I am unsure of is whether there is any chance of these being not activated because bigger volume traders beat me to the punch and the price drops below my minimum before my shares have sold
For example, say the current share price is 2.00 and i have a falling sell trigger in at 1.50 with a minimum price of 1.45. Do stocks ever drop straight from 2.00 to 1.00 or alternatively, could the stock plunge rapidly but big instituions get right of way in the selling game and although my trigger was activated I was too far down the queue. I hope my question makes sense. I am just trying to understand if I am still at risk with these triggers in place or not, or if i should put some additional low triggers in.
Thanks in advance for any tips/advice