Discussion in 'Trading' started by Trendytrader, Jan 21, 2008.
If we gap down hard tomorrow morning how many stop losses would this likely trigger?
It's better to just call them what they actually are, "stop orders" or "sell stops". "Stop-loss" has a pessimstic connotation and isn't completely descriptive. Whether somebody is taking a profit, a loss or initiating a short-position, you don't know which. Ideally, the market can clear out all of tonight's & tomorrow's expected stop orders at the absolute bottom and then move higher with that absence of selling pressure and then, oh yeah, the FED & PPT can intervene. We'll see.
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