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Topic: Stop-loss orders and premarket

Jo4321
Member

posted

Need some quick advice.

I have a stop loss order in for KMX. In premarket it is going down fast and is already way below my stop-loss.

Does this mean that when the market opens, my order will most likely fill at the low pre-market prices. Or is pre-market not always a reliable predictor of opening prices?

I'm thinking that KMX may bounce around and not stay at the very low level it is now. I've pretty much resigned to the fact that I will not make money on KMX, but I'd hate for my stop to fill at the low of the day.

Is it a good idea to take out the stop loss and just watch it?

Jo

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"Great Day for Up!"....Dr. Seuss

Posts: 3387 | Registered: Mar 2006 | IP: Logged |

T e x
Member

posted

"Is it a good idea to take out the stop loss and just watch it?"

yes, imo...

I always figure, if I don't know? then don't...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005 | IP: Logged |

Jo4321
Member

posted

Thanks. I took it out for now. Will have to put one back in before I go off to work.

However, it is ticking up a bit from the lows that it hit this morning.

Jo

--------------------
"Great Day for Up!"....Dr. Seuss

Posts: 3387 | Registered: Mar 2006 | IP: Logged |

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