Wow, way to not come off as a complete elitist ass. Listen, I've talked with my brokerage. I completely understand where they stand. I'm obviously not very experienced, that's why I'm here asking people on ET who are in these situations. I need help understanding if either being completely BSed...
Well I can tell you, I'm furious with them right now then. My broker did acknowledge my stop loss was good only during RTH, but they seem to claim there is a difference between triggering stop loss orders from bids before the market open and "moments before" the market opened. To me, I don't...
Whoa wait a sec though, wasn't my stop loss order only good from 9:30AM, Market Open to Market close?
It traded at 9:30, so shouldn't it be based on a bid at 9:30 only? I mean there was an even greater premarket spread much earlier, if it was taking into account bids earlier in the market...
Not long ago I had shares with a stop loss set at $.86 while the stock was trading at $.93+. The following morning, immediately when the market opened, my shares were sold at $.92.
Now I am completely aware that it is the bid which triggers these stop loss orders, not the selling price, but...