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How do I setup a stop loss / take profit?
in Investments, share dealing, and Smart Portfolios
Posted
I recently signed up with IG for share trading and on eof their competing brokers. I decided to fund my account with IG as it could be done isntantly. To my dismay, when I entered my first trade, there was no ability to automatically set a take profit and stop loss. I manually entered a stop sell order 10% above the price I paid as a form of a manual take profit,, good til cancelled. Instead the trade closed 1cent above what I paid. This is extremely frustrating.
I don't understand why there is no automatic take profit/stop loss facility. And I don't udnerstand why my trade closed out. Could anybody proviide some help?