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Sam@ezeetrader.com

3 Comments

  1. Andrew-Reply
    September 8, 2014 at 11:59 am

    Surely, in this case, having a stop loss would not have made a difference. The market gapped down over the weekend. Therefore it would have stopped her out at the available market open price – her desired stop would not have been filled and she would still have been many pips down.

    Of course, it would have prevented any further loss that the market may have had once it was opened. In this case the pound actually went up about 60 pips after the gap but she would have already been stopped out at the market open and missed out on the move back up.

    I know some spread betting brokers offer guaranteed stops but at an extra cost.

    Am I wrong about the above? Appreciate you confirming this and what she should have done. Many thanks.

    • Charlie Burton-Reply
      September 8, 2014 at 12:58 pm

      Yes you are right, in this case, a stop would still have been filled lower due to the gap. But the lesson should have been in what she did with not even having a stop making it a touch irresponsible… charlie

      • Andrew-Reply
        September 8, 2014 at 1:15 pm

        Great – thanks for clarifying.

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