To my fellow-investors... Can you lose "99.8% of money" if you set a stop-limit order? An order to sell automatically when stocks drop below a certain price?
On the one hand, that seems like a logical safety measure to put on your high risk stocks. On the other hand, you still hear horror stories from people who lost everything.
Were they just too lazy to put a stop-limit order? Or does a stop-limit not work when stocks crash (because there is no one to buy?)
I would like to know for sure before it happens