It has happened again.
I worked with a stop loss for the second time and it was a disaster again.
The first time I sold "by mistake" $LDO (+0.7%) and then missed a tenbagger. Now I have once again been stopped out at a completely lunar price at $TTWO (-0.17%) . I had put in a stop-loss because I was expecting that the game GTA VI might be postponed again and I wanted to prepare for this wisely
What's the problem? Well, to make a long story short the stop price was €201 and not 196€ of course the thing was triggered after-market again with a gas-sick spread. So of course the whole thing makes no sense and has nothing at all to do with tactical investing.
Of course, in the end it's down to the fancy broker who is once again trying to offer a function that he can't use sensibly with his trading venue.
Now the question is this the case with all neobrokers? I'm sure that stop-loss will work with almost all real commercial banks and special brokers designed for trading - but I only really need the function every few years. But it's an absolute disaster if the stop is only ever triggered 5% below the set stop price because the broker can't set a price.
How is it with Scalable or Smartbroker? Do they work? Which trading venues need to be supported because Lang & Schwarz Exchange doesn't seem to get it right at all.
