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
Posted by T e x on :
"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...
Posted by Jo4321 on :
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.