Stop Loss and Sell limits combined

[Kennzo]

Something of a newbie question:

So I own a stock purchased on the IG platform on NYSE market.

I set a stop loss to protect my position, but why am I not able to then set a sell limit - stock reaches a certain level and sell?

First I need to remove my stop loss and the protection this offers to have a sell limit in place, can I not have both, or is there some other function I should be using to achieve this?

Thank you

K

[PotatoesRUs]

12 hours ago, Kennzo said:

Something of a newbie question:

So I own a stock purchased on the IG platform on NYSE market.

I set a stop loss to protect my position, but why am I not able to then set a sell limit - stock reaches a certain level and sell?

First I need to remove my stop loss and the protection this offers to have a sell limit in place, can I not have both, or is there some other function I should be using to achieve this?

Thank you

K

I think I have a similar problem, having already set a stop loss and now trying to set a sell limit. Error prompt was "You are trying to sell more than you currently own". I tried to set the sell value below my total account value but that was not the bug.

 

 

Edited April 24, 2020 by PotatoesRUs

[CharlotteIG]

@Kennzo and @PotatoesRUs, 

If this is on a non-leveraged account we don't offer one cancels the other orders. 

One way other clients get around this is setting a stop loss sell order then set an alert at the desired limit price. Once alerted you can cancel the stop order and set a realistic limit order. 

All the best 

[shapesaladsoup]

yeah this is super annoying, please allow us to set stop and sell's within ISa. otherwise it's fairly dangerous unless you can monitor your positions all day.