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simply went into a highly volatile and speculative stock with my entire assets
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@Lumimyrsky Not much can happen with SL
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@Lumimyrsky How many strawberry jam sandwiches with honey are there?
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@Lumimyrsky At some point you get used to it. It's just more zeros all at once
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@Max095 well. If something happens or is said overnight, things can look completely different again tomorrow morning. Your SL won't help you any more...
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@He-Man it is automatically sold at the set stop or am I misunderstanding ?
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@Max095 if your SL is undercut after the close or before the close, it will be triggered at this price...
So watch out!
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@ETF_Jesus poah. Jam per loaf 15ct honey 28ct and bread 19ct makes 62ct for one. in total that would be 73290.323 pieces
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@Lumimyrsky I've been full of it for a long time
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@Max095 If the price crashes, you usually don't get out with an SL until a bottom is formed. I don't place any more SLs on volatile stocks. With D-Wave I had the SL at €3.24, triggered at €2.70. $DHER I wanted to hedge with a €15 SL and was bought out at the 52-week low of €14.91.
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@He-Man oha 😮. Really now? Then this whole SL is actually for the garbage can. I thought that was a safeguard.
So let's assume . The share is at 15 and the SL is set at 10. Unless the price drops to 5 on the stock market, at what price do you sell? At 9 a.m. when the stock market opens?