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Warrants and stop loss

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Contributor
Trying to get my head around the following concept and maybe someone can help. Std bank is market maker for own warrants. If you hold warrant and set say a trailing stop loss, if the price moves through the stop loss trigger price, shouldnt the stop trigger and Std bank trade at or near the trigger price?
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I'd also like to know the answer. My SBK warrant was sold at 10% below my stop loss trigger.
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Valued Contributor
teh fact that SB is market maker means nothing .. the triger is the level at which the stop loss will be sent to market, and to trigger it requires a SALE at or below the triiger price .. the limit is then set by the user and this would be the lowest level we'll trade at ..
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Super Contributor
My understanding of Jezebel post is that the warrant was sold at 10% below her stop loss. Surely SBK will act in the best interest of their client.
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Valued Contributor
we send it to market at limit price .. where it trades will be at best buyer an we have no influence over that best price ..
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Super Contributor
Jezebel, this means that you need to set your stop loss 15% higher, in order for warrant to be sold at your desired price.
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Occasional Contributor
Surely a better way to manage your stop loss for a warrant is to set an alert for the underlying at the corresponding stop loss level. When the underlying triggers the alert, you log in and sell you warrant manually. Its not a nice automated method but at least its more effective...
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Super Contributor
That way will be feasible, but Jezebel is an extremely busy business lady. She has to manage Lolly Jacksons various business ventures.
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Super Contributor
lol, so Preston, if you have a 10% trailing stoploss, where do you set the stoploss?
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a warrant stoploss is practically useless. It only kicks in on the ruling price OF THE WARRANT, so if nobody trades it, no stop! And since they are pretty iliquid, that scenario is pretty likely.I still don't know why OST can't set the stoploss on the ruling price of the underlying, like with SSF's
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So instead of making a 5% profit on my very first trade I made a 5% loss. Lucky for OST that Simon's brainwashed me into being as unemotional as psychopathic serial killer. Or maybe not.
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@simon - Have you ever looked at the stop/loss web page. The example that they have on that page is a crazy one!! I wanted to activate a stop loss yesterday. The "following" part I set at 20%. That was easy. The second item I had to enter in cent. That m
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