Hi, all. I thought that given the crazy things which SPACs have been doing, and the uncertainty as to how long the gravy train will last before a pull-back, it would be interesting to see how everyone decides where to set their stop losses. I'm also curious whether you use limit, or market, or whether you don't particularly care. This would be good information for newbies who might not yet have a handle on the logic of trading SPACs (myself included, I'm no expert).
To me, in a game which offers so much potential profit, but which also carries with it the risk of significant, irretrievable loss if one is buying in much above NAV, I think it's simplest setting stops at my break-even point
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