As for emergency stops….. I used to use them until the last big fall in the DAX where I took a £800 loss and then watched price almost immediately go back to where it came from! Usually when markets fall rapidly they bounce back almost as rapidly these days with all the algo trading going on out there.
Yea cus thats one of the major flaws of a fixed stop loss, ur ALWAYS gonna sell on a big dip lol, just to watch price bounce right up again 9/10 times, but my fear is that 1/10 times where price just keeps on dropping. Imagine if the Dax trade where u lost 800 wouldnt bounce up and u had no stop and suddenly ur looking at -1500 instead.
I guess if u got the cash it dosnt rly matter but for me that could become devasting for my account
