Hi Linda,

You're stop loss order will turn into a market order and get filled as soon as the market comes out of the "lock limit" mode. The good news is you'll get out of your position. The bad news is you're going to take a big loss.

Can I ask, did you have your stops working in the overnight session? I didn't look at a corn chart, so I don't know if that would have helped you or not, but as liquid as the after hours markets are now, you really need to have a stop in the overnight session as well as the day session. The easiest way to accomplish this is to trade the electronic market (ZC), or if you're broker assisted you can instruct your broker to do this for you. He might whine a bit about doing it, but it's really not a big deal, and he should do it if he wants your business.

Alternatively you could look as using options as stop loss orders; however this is a little more complicated and will involve buying an option, which will cost extra money at the outset. The upside is that if the market goes limit against you, your option will absorb much (but probably not all) of your losses.

Unfortunately there isn't an easy solution, but whatever you do, in the future, make sure you have a stop loss order working for you around the clock. It's not fool proof, but you will have a better chance of protecting yourself.

FYI,

Erich