I read in the tutorial that stop losses are only activated after 10 am to prevent a close out in the usually erratic and chopping first hour of trade. this morning my position of 6 contracts of truworths-march was closed out at 9:11 just , it went on to move above yesterdays closing price. Why did it close me out before 10 am? Am i missing something simple?
I've always understood stops to be active during full trading hours. It's best not to have them active during the open, and it's better yet to use alerts on the underlying and then executing your own stops. Automated stops on instruments are often triggered by wide trading range, idiots selling @market with no market-depth, malicious traders selling when the issuers are out the market etc