Here’s a snapshot of last week’s mini flash crash initiated by a false tweet. Trading programs scour social media and then trade on the information. See the early afternoon crack in the market? It may have ruined the back nine for the poor guy with the executed stop loss that never got back in. It’s yet another reason why I don’t like program trading or stop losses.
Latest posts by E.J. Smith (see all)
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- The Two Reasons Muni Bonds Don’t Belong in Your Portfolio - September 16, 2019