How stop-loss work at the market open after Brexit result?

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viktor_k67

No doubt, a lot of stop-loss orders were set today by many traders to protect their profit.

Share your experience. How your broker executes your stop-loss at the market open.

I think there going to be many unhappy traders at the market open...
 
viktor_k67 said:
No doubt, a lot of stop-loss orders were set today by many traders to protect their profit.

Share your experience. How your broker executes your stop-loss at the market open.

I think there going to be many unhappy traders at the market open...
More...
What planet are you from?
 
you sell at the market... so at -6% to -8% in europe... so any stoploss set above those levels are going to be very unhappy indeed...
 
if the market going to bounce tomorrow, all stop-losses going to be filled at the worst possible price. Worst scenario.

If the market continue to slide down after the market opens, a lot of stop-losses could be freezed/canceled by a broker. Again, the worst scenario.

Just my personal opinion. Let's see tomorrow.
 
viktor_k67 said:
I think there going to be many unhappy traders at the market open...
More...

Anyone sensible would have STAYED OUT (I'm talking the markets here, not Europe !).

If you had not noticed, during the lead-up to the big day the entire financial industry has been moving the goalposts and telling its clients (both big & small) "Sure, trade it you fool ... but you're on your own".

Infact I've even heard reports that some (Barclays, I think was one ?) refused to accept stop loss orders at all, no matter how far away customers wanted to place them.

Trading for the Brexit was only for the foolish. Anyone who may have possibly made money very much did so by luck rather than good judgement, the risk:reward ratio of any trade was quite obviously a rampaging bull on the risk side, no need to read charts or understand fundamentals to know that !

People with losses in their greedy attempts at Brexit trades deserve exactly what they get. Serves them right for playing with fire next to a gas pump !

People with gains deserve no praise for being fools, they were playing with the same fire.
 
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viktor_k67 said:
if the market going to bounce tomorrow, all stop-losses going to be filled at the worst possible price. Worst scenario.

If the market continue to slide down after the market opens, a lot of stop-losses could be freezed/canceled by a broker. Again, the worst scenario.

Just my personal opinion. Let's see tomorrow.
More...

No I don't think they will be freezed... they will market sell at open so it will be triggered.... they are already in....
 
The overnight margin players are in for a rude awakening. There's still time for them to recover somewhat, as there's still another 7.5 hours before the cash open. Globex has funny ways of moving through the night. The next pivot on weekly is 1995, slightly below the "limit down" at 1999. My guess is it will hold the level.

For those with 'market stops' near yesterday's strong close, well, they're toast!
 
some good lessons for people...
the gap in europe is -10% at the moment... compared to ES at -5%....

So if you have ever wandered... yes it does happen... I've seen up 10% in broad index as well, a bit after Lehmann fiasco... but that's the only time i've seen it go up that far in gap...
 
viktor_k67 said:
No doubt, a lot of stop-loss orders were set today by many traders to protect their profit.
More...

Stop loss are very dangerous with gap openings. This was the perfect example of when to use options vs the underlying to limit your losses.
 
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