Stop Losses and Limit Orders together

[mgroberts]

I am interested in some short term trend following and selling a position if the price rises above a limit level(having ridden the rising trend for a week or two),  but also getting out of the position on a stop loss if the trend reverses. So I would like to have both an active stop loss and an active limit order. But it seems like I can only have one or the other, not both together. I first set a stop loss on my whole position, but then when I tried to also set a limit I got an error saying I was trying to sell more that I had. But it worked when I cancelled the stop.  Am I restricted to only having one or the other, or can I set both stop losses and limit orders for selling the position?

[AshishIG]

11 hours ago, mgroberts said:

I am interested in some short term trend following and selling a position if the price rises above a limit level(having ridden the rising trend for a week or two),  but also getting out of the position on a stop loss if the trend reverses. So I would like to have both an active stop loss and an active limit order. But it seems like I can only have one or the other, not both together. I first set a stop loss on my whole position, but then when I tried to also set a limit I got an error saying I was trying to sell more that I had. But it worked when I cancelled the stop.  Am I restricted to only having one or the other, or can I set both stop losses and limit orders for selling the position?

Hi @mgroberts,

Regrettably, when selling shares on share dealing accounts, you are limited to placing either a stop or limit order. The option to use both stop and limit orders simultaneously is only available for CFD accounts with leverage.

All the best,
AshishIG
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