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Kraigmo's avatar

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

Asked by Kraigmo (8181points) 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

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2 Answers

trailsillustrated's avatar

120 days is the norm

Kraigmo's avatar

@trailsillustrated thanks, i better check this stuff more often

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