Boy you’re taking your life in your hands telling people to take out their stops. I suggested that last week and got jumped on all day long about the right to put them in.
I have to wonder what part they don’t understand. The market markers will drive the price down to grab your shares and you will be left out of the action.
With L2 a trader can see the stop losses ad just drives the SP down to pick them up. You are only helping them achieve their goal of getting your shares cheap.
As the posters that attacked my comments last week stated, “it’s their right to put them in”, so go ahead sell yourself short at the same time helping the MM lower the SP.
This is of course my humble opinion.
Lance