I could not come out with an idea of how to cope with stopping loss, so I waited and watched SABR stock price drop over 6% on June 13, 2024.
Today, on June 14, 2024, I learned a new way to handle the case. I can put a trailing stop loss order, 2%, and then stop the loss.
Or I can just stop the loss right away, and I can follow up with an order, and place a trailing stop order to purchase back those shares.
If SABR goes up 2% on the same day, I will not get into when it goes down 6%.
This way I can protect myself against a 4% loss on June 13, 2024. That is a $600 loss.
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