Buy and Sell functionality of Limit, Stop & Stop Limit explained

Hi, I’m learning day by day and recently used the ‘Buy / Limit’ feature for the first time - woppie! :slight_smile:

Can some explain or point me to a video on the explanation of the following -
BUY - what is ‘Stop’ and ‘Stop Limit’
SELL - what is the functionality of ‘Limit’, ‘Stop’ and ‘Stop Limit’.

The key thing I want to set up is a sell safety ie stop loss amount.

Cheers
Paul

have you checked out the help centre already?

https://helpcentre.trading212.com/hc/en-us/categories/360001248038-Investing

Super, thanks Dao, appreciate this.

Many thanks Phil, your explanation should be on their website! Very well explained. Good luck in today’s trades. Cheers Paul

While reading it I think there is a typo, they are not explaining the concept correctly.

Limit ‘Sell’ Orders

Here’s how to set one:

  1. Select your preferred instrument.

  2. Tap on ‘Sell’ followed by the ‘Limit’ window.

  3. Select the number of shares you wish to sell.

  4. Set a Minimum Price you wish to Buy (should be sell !!! so confusing ) the shares for.

  5. Review and Send Order.

How it is different to Limit ‘Buy’ Orders?

@David @George can the Limit Orders help article be updated :pray:

There is a mistake in the word minimum on the buy too.

Limit ‘Buy’ Orders

Here’s how to set one:

  1. Select your preferred instrument.
  2. Tap on ‘Buy’ followed by the ‘Limit’ window.
  3. Select the number of shares.
  4. Set a Minimum Maximum Price you wish to Buy the shares for.
  5. Review and Send Order.

A limit buy you are setting the maximum per share to buy at. Unlike a market order where it’ll just give you best price at the time. It’s used say if the price was 10 and about to rocket up, you put a limit at 12. If the ask instantly shot up to 20 it wouldn’t thankfully execute.

A limit sell you are setting the minimum per share to sell at. So if the price was 10 and limit at 8 then you should get a either a minimum of 8 or it wouldn’t execute say if it jumped 10 to 7 and carried on down (Whilst a market sell might have got you ~7)

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