How to Set a Stop Market Order

When I enter a trade I'll immediately place an emergency stop like four ticks off my price maybe five that is or maybe three depends on the scenario but that's my stop in case the market sweeps very quickly against me. You don't want to have happen is the market blows through that and and you don't get you know hit out at all it becomes a limit order because of slippage. It goes so fast that your limit order misses due to slippage  and now you're looking at an eight tick loss instead of a four tick loss, he says.