General Question

Kraigmo's avatar

What's the earliest a market maker can cancel a stop-loss order on his own?

Asked by Kraigmo (9055points) November 6th, 2009

I bought stock in February (USO) and put in a stop loss to protect my profit. I then notice the stop loss was cancelled by the market-maker 6 months later. I am assuming this 6 month period is somewhat standard. But what’s the earliest you’ve heard of these contracts being cancelled by the market maker? luckily the stock I bought kept going up, so i put in a new stop-loss

Observing members: 0 Composing members: 0

2 Answers

trailsillustrated's avatar

120 days is the norm

Kraigmo's avatar

@trailsillustrated thanks, i better check this stuff more often

Answer this question

Login

or

Join

to answer.

This question is in the General Section. Responses must be helpful and on-topic.

Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther