Jump to content
  • 0

How to set a "Limit Sell" Order


Nazao

Question

Hello IG community!

I need some help with "Limit sell" order. I am able to place orders to "buy" by putting my desired limit buy price. Let's say I placed an order to buy Tesla shares @$180 (limit) and my position gets opened. Once that's open I want to sell it (i.e. close the position) when the price reaches let's say $190. What I want is to set the "limit sell" price and let the IG platform automatically close the position whenever the price reaches $190. Currently, I can only close positions with the current market price and I need to be active in the platform to monitor the price and manually close positions. The US trading market opening time is a bit inconvenient for me (1:30am). Your expert guidance is very much appreciated.

I use the IG Mobile App mostly. But happy to navigate the dashboard via laptop if that's required (I am not sure if the app has any limitations).

Many Thanks!

 

 

 

Link to comment

1 answer to this question

Recommended Posts

  • 0

If your Trade-opening behaviour is set as Net off (which is the default), pressing Close (which allows only market order) is not the only way to close a position. You can simply place a new limit order in a reversed direction and its execution will "net off" (close) the open position per the amount executed.

Check Trade-opening behaviour in platform Settings. It should be Net off, not Force open.

  • Like 1
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
  • image.png

  • Posts

    • While established players like Binance held steady market share, Bitget has shown impressive growth in Q1 2024. Their derivatives market share jumped from 9% to 12% in just two months, pushing them to the number 3 spot, surpassing OKX. This surge coincides with a significant increase in their user base, reaching 25 million.   The exchanges’ growth isn’t limited to market share. Their spot trading volume also saw explosive increases throughout the quarter, culminating in March’s staggering $95 billion. This impressive performance has seen Bitget overtake several competitors, solidifying their position as a leading exchange for both experienced and new crypto traders.
    • SOL is on the move! Keep your eyes peeled as it approaches key resistance at $148.27. Further ceilings await at $148.98 and $151.86. However, a breakthrough could signal a stronger bullish phase.   Support levels stand firm at $141.17, with even stronger foundations at $133.73 and $128.71. These are critical in case of any selling pressure, offering potential buying opportunities on dips.   Feeling bullish? Traders might consider long entries on pullbacks to major support levels, with stop-loss orders placed below $133.73 to manage risk. If SOL struggles, short positions could be in play with targets set at subsequent support levels.
    • In last couple of years, there has been  debate over the top memecoin investment with centre of discussion around DOGE, SHIB, FLOKI, PEPE and a host of others. Personally, I feel comparing any contender to DOGE feels akin to comparing altcoins to BTC. DOGE, being the pioneer memecoin, boasts an impressive $22 billion market cap, towering over its closest competitor, SHIB, with a $13 billion market cap. Its unique endorsement by Elon Musk further solidifies its position. The fervent backing from its vast online and offline community serves as a blueprint for other memecoins to follow. Thus, it's no surprise that DOGE emerged victorious in a recent Bitget poll, where enthusiasts competed to showcase their community's strength in honor of DOGE DAY 2024. With DOGE predictably clinching the win, ten fortunate participants stand to each receive $300 worth of DOGE through the event's gleam completion. Let's seize this opportunity to bolster our crypto portfolios.
×
×
  • Create New...
us