Whether it happens or not, the fact that it's being mentioned is ridiculous. Taxes, forex, stocks....This administration is easily the most trader-unfriendly in decades...if not ever. Those on this site who support it are clearly not serious traders.
that would just eliminate all HFT tradingand automated trading systems for intraday. markets will be even more illiquid for stocks. spreads would widen even more...as for retail investors that are are not levered...they don't have stop losses. for levered investors or anyone with margin you need stop losses or you get margin call. is the SEC going to ban market orders too? as for swing traders ,,they just sell at market.
There is no way in hell this will be implemented! What in the world is going on with the guberment bureaucrats?? Stop loss orders have been a part of investing/trading for 100+ years. SEC and loser democrats, obama lovers are absolutely insane. November will start the cleansing process.
They should abolish all frequent-trading related stuff. All those that have stop loss orders end up losing. Sure they may have "limited" their losses in this trade, but they will lose it all in the next trades. That's for sure. Stop losses are only recommended by brokers so you generate more commissions.
Hrmmm...maybe the should abolish limit orders as well?? To get into a position or sell a position (in the money). How about there is only one order...BUY. That's was the gubernment wants. I use stops all the time in my swing trading...they are necessary part of my trading/business. I risk x% per trade...I want out if that happens. Now they say I need to stay by the computer 24hours a day and wait for my price to hit then send in a f*cking market order?!? INSANE!
this rule is as close to banning free markets. ban market orders? ban stop losses? ban trading. people in large hedge funds can just sell don't need hard stop losses. every automated trading system or HFT program has stop losses. they want to control markets..control gov't control this is 1984 USA. communist USA moving to Cuba man.
This no-stop-loss thing appears to be legit. ______________________________________________________ It is very legit. Plenty of info on it if you dig deeper. End Result... End of Trading for the aveage non-institutional trader. Death of the daytrader. NOT! Death of the Average Stock Broker YES!