I trading using the share dealing platform I am trying to do a stop loss for my trades read you can do that putting in a sell order at the price you want to initiate the stop loss. Am I wrong this is what i got online please see below
Posted February 22, 2018
Hi - thanks for your question on share dealing and stop losses. Although you can't specifically add a stop loss on the same deal ticket, you can manually set up the functionality so that when the market moves down, the order will execute to get out of your position. You can also set up a 'limit' to take profit as well. There is a walk through of this below:
How to set stop losses on share dealing
Lets say you have an open position of 5000 BARC shares which you have bought at 205p.
You want to sell half, or 2500 shares, if the market moves to 180, and then the other half at 165.
You would simply open a new deal ticket and fill it in as follows.
Stop market sell order for 2500 at 180. The GTC stands for 'good til cancel' rather than just the day order which will be deleted at the end of the trading day.