Stop loss if you disconnect?

[zmichael855 0]

If I open a position in DAS trader, place a stop, and then a power outage happens, is my stop still protecting me?

Edited June 29, 2023 by zmichael855
DAS Trader

[Martin D 29]

For that specific question, the short answer is yes.

However, there are different types of stop orders though so if you use a stop limit for example then you can be jumped and if you're not there you can end up with a hefty loss but a stop market order is giving them permission to fill wherever so you can get a bad fill on that as well, getting jumped on a limit would typically happen on more illiquid stocks but it can happen on anything particularly if they're filling a huge order due to the priority of how orders are filled or if you've set the limit amount too tight e.g. 1c. Also stops don't work in pre/post market so if you were trading around that time or your power didn't come back on in time to exit before the market close then you could be subject to overnight gaps. In other words it's just better to have an alternative option to close positions should it happen such as being able to close on your phone or actually phone your broker.