Stop-loss protection

Discussion in 'Order Execution' started by nravo, Aug 3, 2009.

  1. nravo


    I'm paranoid about stop losses, even wide ones, getting hit by a bot or some floor trader playing games, particularly with futures and options and thinly traded ones. Is there a way a way to prevent this?

    Let's say I was long KC (coffee futures contract) and it was trading at 125 and I had a stop in at like 115, a just in case I get gapped stop. What if I also had a buy order at 116? If I got stopped by a rouge trade or two at 115.5 and had to sell at that price, wouldn't my buy order at 116 have to get tripped first, which would help recovery loss from getting stopped, when the price spikes, after the 115.5 trade, back up to 125. make sense? Thoughts? Am I crazy to worry?