Stop loss doesn't works

🤝 Help
45

the limit is at 18$, it is the take profit

46

I bought some shares and I wanted to sell at 15.20$ (SL) and 18$ (TP).
To do this I setted an OCO order.
Sell limit = 18$
Sell stop = 15.20$
What is the problem?

47

You are asking for 18 a share minimum when the current ask is ~15.20 that’s not going to execute.

48

Because the price didn’t reach it. You can’t trigger a stop loss and a take profit in the same time. You can only sell in profit or in loss. I was in loss, price below 15.20$. The broker had to sell at the first available price.

49

Your instructions mean:
Put the shares in the market when the price reaches 15.20 BUT don’t sell them below 18.

50

You needed to just use the stop in this case and not the stop limit.

Or set the limit on the stop below like 14 as an example. It’ll try and get 15.20 in that scenario but it should get you at least 14. The only time that obviously wouldn’t work if it did a massive jump down below from above 15.20 to below 14 and kept going down.

51

Nono it was sell below 15.20 or when the price reach 18.

This is what the app says when I try to sell my AMD share:

Screenshot_20200605-110713_Trading 212
Screenshot_20200605-110713_Trading 2121080×2220 234 KB

Here is a pic already posted about how sell orders work (to avoid misunderstandings, not to say you don’t know)

order-types
order-types750×148 25.1 KB

52

It’s not an OR it’s an AND.

When the prices drops below this stop value AND then get me this minimum.

53

Just on Trading212, ok Phil

54

You are saying that I have to set stop price 15.20$ and limit price 15,20$

55

If you did that it would trigger and then try and get 15.20 minimum which is very risky having no space between the trigger point and minimum because if it’s moving fast down you might not be able to get 15.20

Is is how a stop limit works everywhere, T212 aren’t doing anything strange.

58

Because your order was sell not buy

59

You would only own more shares if your bought more or put in a buy stop or buy stop limit to buy it without you needing to watching it all day.

60

@adm said that my order had to buy more shares, I just answered that it is not right and infact it didn’t happened. He deleted the post

61

Yea, i messed up there. Sorry. I just came back and miss read the post. My bad.

62

I know, it was an answer to @adm

63

no problem bro i need to write 20 characters ok i did

64

So I think the 60 posts can be summed up with.

A stop limit is one instruction, where both the trigger point (stop) needs to be reached and the limit must be met.

65

It has not sense, if the price arrive at 1$ I cant wait it to arrive to 18$ to sell

66

Think about it this way, in Invest account you actually own a physical share, you offer it for buyers in the market, you set the price you want to sell for, but you can’t set 2 different prices.