Lets say you got a sell order in at $8.75 and it opens at 8.50? Any clues?
Let's say you try to cover at 9.75 but up covering above 10... That is all.
My understanding is your stop becomes a market order when the stock goes below 8.75. The risk here is you may be filled way below 8.75.
Does your order have a limit of 8.75 or does it become a market order at or below 8.75?
Its a limit... So its suppose to activate below a certain price I think...sometimes the stock opens at a different price than it closed...?