Don't Steal Money from Day Traders Before They Lose It

Re:Don't Steal Money from Day Traders Before They Lose It by topmonk on Friday September 07, 2018 @04:45AM (#17932768)

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.

[ Parent | on HN ]

Re:Don't Steal Money from Day Traders Before They Lose It by blibble on Friday September 07, 2018 @06:40AM (#17933232)

all 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

[ Parent | on HN ]

Re:Don't Steal Money from Day Traders Before They Lose It by bboreham on Friday September 07, 2018 @05:22AM (#17932917)

“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.

[ Parent | on HN ]