Stop loss orders allow you to specify a price at which an existing position will be closed out by the platform if the market moves against you.
There are three stop loss instruction to choose from; Limit Price, At Market, Trailing Stop Loss
Limit price stop loss
- Complete the top of your order ticket; stock, quantity, instructions, expiry (see Market Order, Limit order and Expiry guide for further information).
- Expand the stop loss section
- Choose your instruction; Limit Price
- Enter the trigger price, this is the price at which you want your stop loss order triggered at, which is when your order will be submitted to the market.
- Enter your limit price, this is the price your order will be placed into the market at.
- Trigger volume is optional, this is the minimum volume which must trade at your trigger price in order for your stop loss to trigger.
- Enter your trading PIN
- Click Place Order to submit your order
At market stop loss
- Complete the top of your order ticket; stock, quantity, instructions, expiry (see Market Order, Limit order and Expiry guide for further information).
- Expand the stop loss section
- Choose your instruction; At Market
- Enter the trigger price, this is the price at which you want your stop loss order triggered at, which is when your order will be submitted to the market.
- Trigger volume is optional, this is the minimum volume which must trade at your trigger price in order for your stop loss to trigger.
- Enter your trading PIN
- Click Place Order to submit your order
