Jump to content

Stop loss


Mairi

Recommended Posts

Hey guys.  I'm reasonable new to IG and im looking to set a stop loss. All the information i can find is about the desktop platform whereas im purely the android app. Am i doing it correctly? I want a stop loss of 19p. Its just that the order 'limit-day' doesn't have a stop option as i would have expected

20210726_150012.jpg

Link to comment
9 hours ago, Mairi said:

Hey guys.  I'm reasonable new to IG and im looking to set a stop loss. All the information i can find is about the desktop platform whereas im purely the android app. Am i doing it correctly? I want a stop loss of 19p. Its just that the order 'limit-day' doesn't have a stop option as i would have expected

20210726_150012.jpg

Hi @Mairi,

On your screenshot, Limit means more favorable price and Day would be the expiry.

"A limit order is an instruction to execute a trade at a level that is more favorable than the current market price." more details here.

"A day order is defined as an instruction from a trader to their broker, to buy or sell a certain asset. Setting a day order means that the deal has to be executed if an asset hits a specified price (referred to as the level) at any point during the trading day on which the order is made.

The day order will expire if the price specified in the order is not met by the time the market closes"
more details here.

I hope that the definitions help.

All the best - Arvin

Link to comment

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...