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Stops become market orders. Stop limits become limit orders.
kevin sheen wrote:
> I have a question about how a stop order works in blow-up day.
> let's say I'm long ABC at 6500 and I put a sell stop at 6300.
> Yesterday,,,price went down to 6310 and just missed hitting my stop.
> But then today,,,price gap down to 5800,,,passing over my stop.
> here's the question.
> When and where do they excute my stop order??
> I hope this would never happen to me nor to anyone reading this but,,,better get prepared for any situations.
>
> PS. I'd rather get out yeterday,,,and usually what I do. But sometimes emotion and hope kicks in and stop me from doing what I have to.
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