2007-02-10 01:38:12 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
If a stock is not widely traded, I believe it is possible for the price to fall through your stop loss limit order. Example: Stock is $26, you put in a stop loss order to sell at $25. Bad news comes out the stock falls, one trade is at $25.10, your order is in to sell at $25, but the highest buy price bid is now $24.90 and other investors are willing to sell at that price. Your order won't go through until it stops falling and then hits $25 on the upside.
2007-02-10 02:33:52 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋
Yes, some people lose money all the time, some make money. However, if you want to sell your stock quicker always sell at a price in between the market spread. If you sell outside the market spread, no one will ever take your order; you may never sell that stock. I'd suggest you set your limits within the market spread(bid/ask) ranges.
2007-02-10 01:47:29 · answer #2 · answered by Muga Wa Kabbz 5 · 0⤊ 0⤋
Of course. If you enter a limit order to sell at $100 and the stock never gets above $80.
I think you've something else in mind. Why don't you try again.
2007-02-10 01:43:42 · answer #3 · answered by Box815 3 · 1⤊ 0⤋