That's what stop loss orders are for.
“That’s what stop loss orders are for.”
Stop-loss orders should only be used by those aware of the risks of being taken out of the market on even a rumor.
Dunno if it is still the rule, but back when I was in the market, a triggered Stop Loss executed at whatever the Market bid. If executed during a panic, that offer may be well below what you expected.
Yeah, it was almost a century ago, but I remember reading of a guy who, during the Crash of '29, placed a bid to buy 10 shares of General Motors for $1 each (then at $300 and dropping FAST). No one else was bidding and he got it.
And thats your prerogative.
Im a senior whos in a professionally
managed account with no stop loss option
option. LOL