Selling trigger conditions: the limit price

Limit Price

The stock must meet the price you set before your pre-determined action is triggered.

In the case of a price limit, the condition will automatically be the last traded price.

• If you are using conditional order as a stop loss, select ‘less than or equal to‘ when selling
• If you are using conditional order as a profit trigger, select ‘greater than or equal to‘ when selling

Example:

1. You have bought a stock XYZ at $10.00 and want to sell to limit your loss if the stock price begins to fall.

2. You create a conditional order by setting your trigger price to $9.70, with a sell limit at ‘less than or equal’ to $9.50.

3. If the price of XYZ reaches $9.70, your order is triggered and will be placed on the market to sell at no less than $9.50, capping your loss at $0.50 per share.