Today I’m hating stop-losses. I’m looking at you, $MQ!

👀 👀 👀
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Michael Panebianco's avatar
For every dollar a Stop Loss costs you, it will save many times more!
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Miquel's avatar
@miquel_nietoOctober 20
Author
@tecantra That’s the way!! And SL saved me from $PINS meltdown recently.

But I’m a competitive guy and I always want to win NOW! 😂
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Michael Panebianco's avatar
Ha, I can totally empathise with that. I got stopped out of $APA before it climbed another 15%
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sam stribling's avatar
@miquel_nieto I bet you got “stopped out” by a broker doing some “stop loss hunting”

@nathanworden @tecantra it happened again!
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Miquel's avatar
@miquel_nietoOctober 20
Author
@strib I used a SL a few days ago for a starter position in $MQ (CANSLIM stuff), but got stopped after a couple of days because it hs a -10% day. Funnily enough, my SL was set at the exact all-time minimum (19.8). It has popped something like 35% since. AND I AM CRYING.
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sam stribling's avatar
You definitely got stopped out!!

Ok so what we figured out last night talking about this was.. those key levels of support are fairly well known. So, put your SL under them by a decent margin. Brokerages can see where a lot of SL’s are and when they need liquidity or to generate volatility they will purposefully hit those SL’s to cause a ripple effect. They then turn around and take advantage of it for themselves.
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Miquel's avatar
@miquel_nietoOctober 20
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@strib Are you freaking kidding me?? Brokerages do this? 😵‍💫😵‍💫😵‍💫
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Nathan Worden's avatar
^This was EXACTLY my reaction! @miquel_nieto @strib
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Hung Pham's avatar
@hungiOctober 21
@strib I has no idea. Thanks for sharing
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Hung Pham's avatar
@hungiOctober 21
@strib I had no idea. Thanks for sharing
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sam stribling's avatar

This guy does a great job explaining it
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Miquel's avatar
@miquel_nietoOctober 20
Author
@strib Adding insult to injury!! I couldn’t have said it better. So sad!
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sam stribling's avatar
@miquel_nieto Na no insult intended! We are all learning. I learned this stuff literally yesterday. But in short.. yeah brokerages are doing this everyday.. nuts
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Miquel's avatar
@miquel_nietoOctober 20
Author
@strib “Adding insult to injury” is a sentence the guy in the video uses to describe SL hunting! It was not pointed at you, but a realization of what could’vw happened to me!
Thanks for the video, as you say, we’re all learning here! Actually, if I didn’t learn things while investing, I would just put everything in the SPY and call it a day.
Learning is what motivates me to investing!
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sam stribling's avatar
@miquel_nieto ohh gotcha yep it certainly can be insult to injury lol 😂
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