15.31-15.01 in a minute They have the power to manipulate a stock any way to their advatage
I've been cautious of stops for years. They sound great, if used to replace mental discipline, to force you to sell if a limit is reached, but, a great way to lose your stock as well.
You are 100% correct on why they don't work most of the time.
Come on guys. That little sweep of the order book went down to 15.01. Who in their right mind would put a stop there? Anyone who did, deserved it. Besides, the price is headed back down there anyway.