If you had stops in it is a good possibility they got tripped in a lot of stocks and ETFs. If you got a whole bunch of sellers and no buyers the price plummets. It kinda makes me wonder if stops are a good thing. In a “Panic” it makes you enter a market sell just as everyone else did.
Stops are bad in a panic. Especially if your brokerage house is a market maker in the security. They will sweep all stops that are even close to their internal price for the stock. I and many I know have had stops swept well below the trade price at the time. You have to scream to get made whole.
Stops are bad in a panic.
That's what happened after the crash in '87, they passed a law making it illegal to trade at the NYSE and everyone either just traded elsewhere or they waited saying "Mother may I" and then traded w/ a vengeance. Governments can't run a market place. They can pretend to but that's when they only make things worse.
