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by rsync
3115 days ago
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"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-... |
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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.