US capital building gets breached. Is this the end?

[imperiouskitten]

why should a person feel feel stupid about doubling their money in the last month? i won't lose money, it'z called stop loss orders. I'm a bitcoin skeptic, just not a partisan for it [You must be logged in to view images. Log in or Register.]

everyone should invest! why work to eat? such is suffering. multiply it. the rigged market is available to everyone, and it's the only way out of wage hell in USA

more than a little bitter i held hundreds of the things at $2/apiece in 2009 worth millions now and spent them on LSD but hey

[Knuckle]

Originally Posted by imperiouskitten [You must be logged in to view images. Log in or Register.]

why should a person feel feel stupid about doubling their money in the last month? i won't lose money, it'z called stop loss orders. I'm a bitcoin skeptic, just not a partisan for it [You must be logged in to view images. Log in or Register.]

everyone should invest! why work to eat? such is suffering. multiply it. the rigged market is available to everyone, and it's the only way out of wage hell in USA

more than a little bitter i held hundreds of the things at $2/apiece in 2009 worth millions now and spent them on LSD but hey

don't stop loss orders only work if there are buyers at that price point? I think depending on your volume you could theoretically drop multiple tiers unless there is some sort of guarantee outside of a random buyer agreeing at X number during a dip.

I pulled out my BTC over the summer after holding for quite a few years for a tidy sum, did not predict the shitshow of the last 2 months making people leap at dollar alternatives for diversification during political instability.

[peterpal]

Originally Posted by Knuckle [You must be logged in to view images. Log in or Register.]

don't stop loss orders only work if there are buyers at that price point? I think depending on your volume you could theoretically drop multiple tiers unless there is some sort of guarantee outside of a random buyer agreeing at X number during a dip.

Depends how you set it up. A market stop loss would sell generally sell at that price minus some minor slippage. Shouldn't be a big problem unless your particular exchange/broker has low liquidity or you're trading absurdly large amounts of money.

[cd288]

Originally Posted by peterpal [You must be logged in to view images. Log in or Register.]

Depends how you set it up. A market stop loss would sell generally sell at that price minus some minor slippage. Shouldn't be a big problem unless your particular exchange/broker has low liquidity or you're trading absurdly large amounts of money.

This. Now, if there's a complete sell off then your stop loss order is essentially worthless since no one will likely buy a stock that is totally cratering in real time. However, for most situations you shouldn't slip too far past your loss order.