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View Full Version : Big overnight/weekend drop



Sandy
07-05-2011, 11:21 AM
Hi Billy/Pascal,

Generally, we do not get very big overnight drop, but just in a case. If we have a very big overnight/weekend drop and price is way below our stop loss price, do we have to sell our position right at the market open?

Thanks.

Sandy

Billy
07-05-2011, 11:39 AM
Hi Billy/Pascal,

Generally, we do not get very big overnight drop, but just in a case. If we have a very big overnight/weekend drop and price is way below our stop loss price, do we have to sell our position right at the market open?

Thanks.

Sandy

Sandy,

Sure, that's what stop losses are made for. You need to sell right away to respect the worst case scenario of your trading plan. The robots will always sell at the open in such occurences.
Billy

Sandy
07-05-2011, 11:46 AM
Thanks Billy.