Can someone please help me understand why the stocks in this screenshot are not getting sold. Its not in pre or after market. The market is open and lots of orders going through, but my stocks are not getting sold.
You’ve put the stop to $5.80, so the order would go live once the price goes down to £5.80. Only then you have a limit order that requires the price to rise back to $6.49. And then the volume on this stock is quite low, which is likely causing a substantial spread between ask and bid price.
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So there is no way for this kind of order to automatically sell the stock on a market order if the price drops below 5.8, and automatically sell it if the price increases to over 6.49? When i made the order the price was in between 5.8 and 6.49
Unfortunately no, this is way beyond the limit orders T212 offers.
You could sell half with a limit order for at least 6.49 and jettison half if the price drops below 5.80 with a limit order. But there is no combination option as some other brokers offer.
On the upside, here your order is processed for free…
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Okay, thanks for the help. I did not understand what those orders ment. Yeah the free order processing is why im still here since i don’t trade huge amounts paying a commission for every order just don’t work for me. In the future ill just make sure to be by the computer when i have some quick moving stocks.
To me is sounds like you should determine which way the market is moving (either up towards 6.49 or down towards 5.8). Then place a sell-limit or sell-stop order as appropriate (depending on the direction you think the market is likely to move). Then cover yourself with a price alert for the opposite direction. Then if the alert is triggered you can cancel the order and make an instant sell order (or setup the sell order for the other direction). That way you can at least get a text or email to alert you to take action.
Obviously T212 is available on a phone app as well as on a computer.
I hope I have understood your requirements.
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A stop-limit sell order means you set first a stop level and then a limit lower than the stop level otherwise it cannot work.
It means you want to sell when it goes below the stop level but you dont want to sell if it goes so much below it that it goes below the limit you set. The purpose is to prevent to be liquidated when you are dealing with very low liquidity stock or when the market is very volatile. You dont want to be liquidated on a long wick.