RE: spread betting advice24 Sep 2020 13:00
Stop Losses are deadly on AIM. Back in the South Atlantic oil boom a decade ago a friend of mine saw a paper profit go up to £60k. Set a stop loss about 20% below that and in one day had news that sent it down. This knocked out stop losses above his, and knocked the price further down until hsi was triggered. By the time his automated sell went through he had lost a vast amount of that profit - and his sell price was much lower than his stop loss. Of course, by close of play the SP had recovered, only my friend had lost all his shares! So in my opinion not worth using at all on AIM.