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Thread: Big overnight/weekend drop

  1. #1

    Big overnight/weekend drop

    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

  2. #2
    Join Date
    Dec 1969
    Location
    Brussels, Belgium
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    1,999
    Quote Originally Posted by Sandy View Post
    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

  3. #3
    Thanks Billy.

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