Stop Loss in closed market

Hi,

If Iā€™m in an open position and the market closes whilst I had stop loss on and whilst the market is closed, it hits that stop lossā€¦ when the market is open again does it automatically close even if the share price comes back down to where Iā€™d be in profitā€¦ still whilst market is closed.

Hard to explain what I mean.

Cheers

Iā€™ll try make it easier.

I have a position, for example I bought in at $2 and had a little profitā€¦ then the market closedā€¦ If during market close it hits $2.5 which is my stop lossā€¦ does that mean when the market opens tomorrow, Iā€™ll be automatically out? Even it falls back below $2 in the pre market?

Cheers

I would take it off personally as market can open above your SL or far below

Iā€™ve taken it off now, Even if the market is closed does it still work?

Yeah it will indeed as itā€™s just your indicator your moving