Jump to content
  • 0

Stop Losses


FOYBOY

Question

I am new to IG and have just had some shares transferred into a ISA non leveraged account.  I want to apply a guaranteed stop loss.  How can I do this?

'Stop Market Day' has been advised to me via CHAT but I don't fully understand it or how I can apply that or any stop loss to particular share holdings.

Kind Regards.

 

Link to comment

5 answers to this question

Recommended Posts

  • 0

Hi @FOYBOY

Thanks for the query. 

We do not offer guaranteed stops on non-leveraged accounts i.e. not on a ISA or share dealing account. Stop losses are OTC products that are not available on exchange orders. 

However you can place a sell stop order and specify a price that you would like to sell at as your order level. Its best to use a good till cancelled expiry so that the order is effective for 90 days. 

All the best, 

Anda 

image.png

Link to comment
  • 0

Hi AndalG, your reply is much appreciated.

However when I look at the shares I hold within the ISA account under the 'DEAL' area as you've indicated above, the only options available under 'ORDER TYPE'  are:

QUOTE, with sub options of 'fixed price quote' or 'On Exchange - limit order'

ORDER Type:  'STOP' is not available for selection !  Should it be? Is it something that could be made available or not?

Kind Regards.

Link to comment
  • 0
11 hours ago, FOYBOY said:

Hi AndalG, your reply is much appreciated.

However when I look at the shares I hold within the ISA account under the 'DEAL' area as you've indicated above, the only options available under 'ORDER TYPE'  are:

QUOTE, with sub options of 'fixed price quote' or 'On Exchange - limit order'

ORDER Type:  'STOP' is not available for selection !  Should it be? Is it something that could be made available or not?

Kind Regards.

Hi @FOYBOY,

It is likely that the market is closed. For share dealing the orders goes directly yo the market.  You can try when the market is open, or just before opening.
image.png

I hope that it helps.

All the best - Arvin

Link to comment
  • 0

Hi @FOYBOY

Thanks for the feedback. 

Please note that you hold market maker stocks. These use the  SETSqx trading system.  There is no order book. Any limit order would only execute if a matched limit order was uncrossed and executed at auction uncrossing times. Good till canceled expiry is not available for these stocks on exchange. 

All the best, 

Anda

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,295
    • Total Posts
      90,940
    • Total Members
      41,424
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    kanm
    Joined 08/02/23 08:02
  • Posts

    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage: Indices: European mkts expected up. FTSE100 24hr mkts another new record high FX: Little move despite Powell saying more US rate rises needed to combat inflation Equities: Earnings this morning - BDEV PZ SVT TTE.  VOW last night a disappointment. This evening - UBER DIS. ZOOM announces 15% cut in global workforce Commods: Gold up for third day.  Oil up after API drop in inventories. NY orange juice another new record high        
    • Elliott Wave Analysis TradingLounge Daily Chart, 8 February 23,   Uniswap / U.S.dollar(UNIUSD) UNIUSD Elliott Wave Technical Analysis Function: Follow trend     Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave III of Motive Details: Wave 3 rise is likely towards the level of 15.37 Wave Cancel invalid Level: 4.946 Uniswap / U.S.dollar(UNIUSD)Trading Strategy: Uniswap is likely to recover well as price breaks through the MA50 and MA200 are bullish signals. and leads to the movement of wave III that is usually equal to 1.618 x the length of wave I at the level of 15.371. Uniswap / U.S.dollar(UNIUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod     Elliott Wave Analysis TradingLounge 4H Chart, 8 February 23,   Uniswap / U.S.dollar(UNIUSD) UNIUSD Elliott Wave Technical Analysis Function: Counter trend     Mode: Corrective Structure: Flat Position: Wave (B) Direction Next higher Degrees: wave ((2)) of Motive Wave Cancel invalid Level: 4.95 Details: Pullback of wave (B) when end, the price decline to wave (C)again. Uniswap / U.S.dollar(UNIUSD)Trading Strategy: Uniswap There is a strong recovery trend when the price breaks MA50 and MA200 is a good sign. But nevertheless, the price is in a phase of retracement in wave (2), when it finishes, the price resumes upward trend. Wait for wave ((2)) to complete. Uniswap / U.S.dollar(UNIUSD)Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators below Zero-Line Bearish momentum.
    • may I ask if anyone knows where is a good place where there is a forum on Excel Based Trading?
×
×
  • Create New...