$Nikola (NKLA.US)$ I set stop lost by using stop limit orde...
I set stop lost by using stop limit order , trigger price is 11.43 .. but moo moo automatically sold for me at 11.6 once pre market is opened . I checked , market price or there is no transaction at or below 11.43 . So it should not trigger to sell my nkla share .. and create loses to me .. anyone here can help , how can I persuade?
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Y_Jie1313 OP : Anyone here hold Nkla to check if there is transaction at it below 11.43 . I need proof . As customer service just told me , “it is like that “
Camemberu : Sold at higher price than you set? Means it hit your stop limit? Congrats.
Y_Jie1313 OP Camemberu : Not that case . I set stop lost , 11.43 is trigger price , which mean if market value drop to 11.43 then will only submit sell limit order . The argument is , if the market value drop to 11.43 and trigger sell limit order .. when at 4pm Asia time here , it straight away sole my share .. and
Camemberu : Oh stop loss. I see. Hmm. Not low enough yet to sell. Is it possible your risk ratio / leverage risk is at dangerous level? Tiger is always telling me it is going to have to liquidate my stuff.
Mcsnacks H Tupack : Stop loss can get triggered before your actual price target. Market managers know this and how to get them to be activated by getting them within certain price ranges. Sorry but they are right “it is like that.” It’s why stop losses aren’t used by stock brokers or day traders anymore. It takes away from your profit margin. Sorry.
Mcsnacks H Tupack : Stop-limit is the one you want to use to have it sell at the actual price set. But I wouldn’t recommend using either.