Sold stock when it shouldnt of

Hi @David I placed a limit sell on a stock and it automatically sold it before this price oh wow😂 I only had 2 shares but not the point

what was share, price set and time of. execution?

GNUS share price was like $3.70 and literally like 3 minutes ago. It’s dropped since so I’m happy :joy: but I’m not cos I didn’t wanna sell them yet haha

Price set for sale was 3.50

was the price wide enough for it? I did it wrong a few weeks ago lost a pretty penny profit due to it

I don’t know, it should tell me if it’s not tho

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im still new to limit sells so dont know 100% lol ill follow this though as the more others do it the more I learn

You wanted a minimum of 3.50 and said the price was near 3.70 that’s done exactly what it says on the tin.

As long as you got 3.50 or more.

:joy: this is me having a laugh but how is that what it says on the tin, if it says you get 10 pieces and u open it and there’s 7 is that okay? I put a limit to sell at
3.50 not. 3.70 but I know it’s at 3.50 now so I’m cool, put a buy order in for 2.75 hopefully get it Monday morning everyone miserable selling haha !

Wait are you saying you had a limit of 3.70 and you got 3.50?

A limit order is just the minimum amount per share. It’s only an issue if you got less than it. :stuck_out_tongue_winking_eye:

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Wait. So the current price was 3.70 when you set a Limit Sell for 3.50

And you want to know why it sold?

Edit: hah phil beat me to it

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No the other way around haha price was 3.70 I put to sell at 3.50 and it sold straight away. Do you think currency conversion plays a part ???

No it’s just done what it’s meant to do :stuck_out_tongue_winking_eye:

You said you wanted a minimum of 3.50 by putting in a limit order, it said well I can do better have 3.70 ca-ching sold.

How if I buy something at 2 pound and want to sell it at 4 pound and it sells it at 3.80 is that what I put? Exact example I bought at 2.20 price was at 3.70 I wanted to sell at 3.50 and it sold. I got more yes but I didn’t want to I’d only of sold if it hit 3.50 as I feel it will drop off then. But it doesn’t matter anyway I’ve learnt now haha! Thanks for quick response tho guys!

You have two options a stop or a stop limit when selling. The stop is the trigger point. A normal stop will turn it into a market sell at that point, a stop limit would trigger and then create a limit order.

I THINK I understand what you are saying.
In that case…

If you put a limit sell UNDER the current sell price, it will sell straight away. A Limit Sell only means you want to get MINIMUM the price you set. Since the current price was ABOVE your limit, it sold.

What you probably wanted to do was a stop sell, which you can place under the current sell price, because it only activates when the price hits your stop.

Example-
Sell Limit 3.50 -> you will sell when the price is 3.50 or above
Sell Stop 3.50 -> you will sell when the price hits 3.50, at the best price that is available

Stop/Limit -> Limit went out for a few drinks with Stop, one thing led to another and…

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you sold under its value so it will automatically fill and make someones smaller buy target fill lol

This seems like a quick response chat atm can anyone find rubicon project? Can’t seem to find it but I’ve had the stock before