Stop/ losses

[Guest Djangi]

With Trump announcing decision; on Mexican tariffs last night, FTSE likely to rise steeply on Monday 

Am short on 7333 is it worth setting a stop loss at (say) 7350 over the weekend, or will just sail through?

Edited June 8, 2019 by Djangi

[Kodiak]

If it was me i would considering hedge using weekend FTSE

But if it was me i had probably used a guaranteed stop over the weekend with this Mexican thing going on 

Worst case scenario? a gap up when futures reopen and then down to close the gap?

 

http://thepatternsite.com/Blog.html

[Caseynotes]

1 hour ago, Djangi said:

With Trump announcing decision; on Mexican tariffs last night, FTSE likely to rise steeply on Monday 

Am short on 7333 is it worth setting a stop loss at (say) 7350 over the weekend, or will just sail through?

I see the weekend ftse is only 20 points up after the close, the markets did hear about the tariff introduction being delayed earlier in the afternoon but it didn't become official so to speak till after close. It first appeared on twitter immediately after the NFP release and caused that kick back up on the indices charts.

Difficult to know how the chart will play out, certainly keep an eye on the ftse weekend chart and consider @Kodiak's suggestion of a hedge. Putting an order in now won't be action'd til the open and if there is a gap there will be slippage as you suspect.