[twohearted]

This has always been a worry in the traditional stock market. With a stop loss order you're basically creating a "secret" order to sell at below market value. Anyone who knows about it has a direct incentive to profit from it.

Stop-losses are very important in investing but I'd recommend always executing them manually at market rate. Set a price alert to notify you. Of course if the exchanges are down you're sol, but if BTC is on a bullet train to $10 your exchange stop-loss probably won't fill at your price anyway.

[rsync]

"Stop-losses are very important in investing but I'd recommend always executing them manually at market rate."

No, no, no, no ...

You do not ever want to insert a market order[1] ... the market can be manipulated and high frequency traders can buy/sell your public market order at an artificially low/high price.

The answer to getting "stopped out" is not to insert a market order - it is to create a fill-or-kill at a specific price or other more specific order type ...

[1] https://www.marketwatch.com/story/this-is-why-you-never-use-...

[twohearted]

Stop loss means get out NOW to stop losses. Trying to finesse a nickel out of a trade at that point is a sucker's game.

Getting "stopped out" is fine, it's part of investing. You need to stop your losses. I'm just saying don't put the order on the books for the exchange to pluck like a ripe berry.