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Stop loss in Share trading..


SamCPT

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Hey Guys, I have already reached out to the help chat but thought I would check with the community before I move on to another broker.. I am in Australia and have an interest in swing trading US equities. I set orders during the US close but would like to be able to set stop losses. Trading in CFD account, the overnight fees add up and don't make sense for 2-3 week swing trades. Does anyone have any suggestions on managing risk in the share trading account? Thanks in advance!

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2 hours ago, SamCPT said:

Hey Guys, I have already reached out to the help chat but thought I would check with the community before I move on to another broker.. I am in Australia and have an interest in swing trading US equities. I set orders during the US close but would like to be able to set stop losses. Trading in CFD account, the overnight fees add up and don't make sense for 2-3 week swing trades. Does anyone have any suggestions on managing risk in the share trading account? Thanks in advance!

Hi, IG will be releasing a new shares trading platform (though we've been waiting a long time for it) incorporating additional features such as stop loss orders. A stop loss order though is just a reverse order for the same amount at the desired price level, see this thread for setting up a stop loss order and take profit orders on the shares trading platform.

 

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