VelocityShares Daily 2x VIX ST ETN (TVIX)

[BRONSON]

You can set a stop loss up at least 3 different ways.

1 set price

so if tvix was trading at 100
You could say if it hits 80 sell..
But it could rise up to 200 and then come back down and sell at your 80.

2 A trailing stop price..
So if Tvix was trading at a 100
You could say sell at $20 from the high.
So if Tvix went up to 200 you would sell at 180.

3 A trailing percent.. So if you bought Tvix at a 100 and say as soon as it lost 20% it sells So if it went up to 200 and you had 20% it would sell at 160.

The stop loss are all triggers...
When the trigger happens it just sells your shares at market price...

So yes you could sell below your price but not much..

Tvix Is perfect for a stop loss so is other high volume stocks..

But if you tried to do it on a pink sheet with a big spread because the stop loss triggers a market sell if there's nobody on the bid it could really come down.