Hi,
Was just wondering how many of you use a guaranteed stop loss as oppose to a standard stop loss? I know that you will be charged extra if your guaranteed stop loss is triggered but it also protects you against slippage in the market when closing a trade which a standard stop loss doesn’t? Do you guys think it’s worth using?
A real advantage of these is in case of a massive price spike up or down, or which gapped across and failed to trigger your standard SL as a result. The firm will then execute the standard SL at the best available price, which might be way worse than you had hoped.
However, since ESMA removed the negative equity possibility from UK-based spreadbetting firms like I use, I would not bother with GSL’s - too expensive to use as a habit, plus they cannot be adjusted once you have set it.