STOP-LOSS NONSENSE

摘要

Thousands of investors with stop-loss orders on exchange trade funds (ETFs) saw their positions crushed in the first 30 minutes of trading on Aug. 24. Seeing a price blow right through your stop is one of the worst experiences in trading. "What do you mean there was no liquidity at my stop? I got filled $5 below my stop? Wait, now the price is back above my stop." Welcome to the big leagues.