What the NYSE Isn't Saying About Its Earth-Shattering Decision | Shah Gilani's Wall Street Insights and Indictments

What the NYSE Isn't Saying About Its Earth-Shattering Decision | Shah Gilani's Wall Street Insights and Indictments



This is an excellent article on the new NYSE rules that will take place next year in doing away with stop-loss and GTC stock orders.  You will still be able to do these things, but your broker will be keeping track of it instead of the NYSE.  Then, when your stop is hit, your broker will send a market order at that point.  Really, not that much will change.  I have had stop orders filled way below where I wanted them to sell in the past.  The only way you can stay on top of the market is to watch it all the time or have alerts sent to your cellphone as Shah suggested.  The stock market will still be profitable for those who perform due diligence.