Take Profit Limit order; help needed please

šŸ¤ Help
107

Thanks for that. appreciate the quick response.

108

Hi this is not a distance thing but can you reduce the minimum amount you can buy of appreciate group to more than 300 shares. This seems to be the minimum on a limit purchase

109

Hi there

ALPP Alpine 4 currently has a cap on the Limit Sell order of around 40% which is really frustrating, especially as there has been a 140% price increase in the last few weeks and also the stock is due to uplist to NASDAQ on Wednesday 20th which should boost the stock further. Can we have this limit removed or significantly increased as a matter of urgency please?

110

Hey @regmcm :wave:

The distance was just increased.

111

many thanks can you tell me by how much?

112

The increase was $ 10 off the current price.

For example, if the price is now 5.60 USD, you will be able to place pending orders up to 15.60 USD.

113

Are you able to help with my appreciate group issue? I can only set a limit order if more than 300 stock itā€™s very weird, I can set even lower limit as long as itā€™s more than 300ā€¦ Yet I can buy any volume at market

114

@B.E Could you also increase the limit on GNUS? Thanks a bunch.

115

Hi team

Could you please increase TP of UPH stock to at least USD20?

Thanks

116

@Team212
post must be at

117

The price of UpHealth is about 1.90 USD, and the distance is 15. With GNUS, the price is about 2, and the distance is 10.

The distances are considerably big now, we will not increase them any more. Weā€™ll make sure to let you know if anything changes.:v:

118

Hi @B.E
for UPH, based on the management forecasting FY 2022 revenue of USD329. The company could be worth more than USD15 per share.
At what point the stock price TP can be increase?
Thanks

119

As a general rule of thumb, the distance should not be too large, because it may cause potential flooding with pending orders which does not correspond with normal market parameters.

Should there be a significant increase in the price, we will be able to increase the distance correspondingly. However, for the moment, no further increase is possible since the distance is already at x5 the price.

3 Likes
120

Pleased remove this limit - itā€™s pointless having it.

If I have a volatile stock, I donā€™t want to keep watching itā€¦ I want to trigger a sell when it reaches the limit. If itā€™s a low value stock like $1ā€¦ I might expect it to go to $2 (100% gain) - and I want to set that sell limit order and forget it.

Itā€™s a pointless restriction - itā€™s just maths, remove it please - itā€™s a 5 minute code change to take it out.

1 Like
121

Please remove the limit for PACB. Thanks!

122

We have checked the maximum distance and wonā€™t be adjusting the values for now as they adequately reflect the current market conditions.

123

4 years in, still an issue

the question is, if you want to prevent a skewed view of the market and the prices, wouldnā€™t it be better to leave the limit to the shareholders and limit the amount of shares you can sell limit for a price higher than X times the market price?

124

What I donā€™t understand is that why there is a limit? I should be able to set whatever limit I wantā€¦espically while selling the stock. Why is this not allowed?

1 Like
125

This is the reason why thereā€™s a maximum distance for pending orders :point_down:

Weā€™ll let you know if something changes in the future or if the maximum distance is removed altogether, as David mentioned.