This happened to me twice in one week last month, both times the day before the stocks (CCV and RIO) went ex div, essentially the SP spikes 8% down and then up again, enough to trigger my stop order orders. Obviously I don't buy back in as I'd be down 8%. Missing the dividend was bad enough, and in the case of CCV watching it climb a fair bit in the last fortnight is just salt in the wound!
Being a newb, what did I do wrong here? I thought I was being "safe", but still managed to get royally rogered. How do I avoid this happening again? Please don't say avoid stop losses altogether, they have worked for me as well as against (infact RIO has gone way down since then, so don't feel so bad about it now...).
Any strategies for minimising these kinds of risks?