No More Stop Orders Allowed On The NYSE? About Time!

The New York Stock Exchange (NYSE) recently announced that it would be joining the NASDAQ by disallowing protective stop orders. "Good-till-canceled" order types will no longer be allowed as well. This change goes into effect on February 26, 2016. As soon as this news was released, scores of traders sent in questions and various communications to Oliver Velez, seeking his view on the change. Most were distraught and believed this move to be yet another blow against the small or regular, independent trader. The NYSE claims its move is to help prevent excessive volatility during big downward moves in the market, which Oliver Velez does not believe is true. In fact, Mr. Velez believes this move is a blessing for traders and is long overdue.

In this broadcast, listen to Oliver Velez explain why he could not be happier that the protective stop order, as it has become to be known, is finally dying the death it should have experienced a long time ago. Not only will he explain why it should never have existed, he will delve into the hidden reasons why it lasted so long and how stops were actually used to take advantage of the small investors and trader.

If you are an avid trader or take your market play seriously, this is one broadcast you will not want to miss. This will also be a show during which Oliver Velez will expect a lot of live engagement. So make sure you call in live with any questions you may have or send them in advance to radio@ifundtraders.com. 

To trade with Oliver Velez and his trading team, with full and complete funding, email journey@ifundtraders.com. It will auto respond with information.

To Follow Oliver Velez' trading live, follow him on Periscope: @olvelez007. 

to view many of his educational trading video, go to www.youtube.com/olvelez007