Stop Limit Orders

These orders are intended to protect you from market gaps. The limit and stop target prices set a range of execution. If this range is surpassed, the order will remain pending until the market price returns to your desired levels. 

Investors use a Stop-Limit to minimise potential losses or protect their profit in case the stock moves in the wrong direction. Once activated, Limit orders will execute only if a specified price it met for trade-in full, ceasing if the price turns unfavourable. 

Buy

The Stop price should be above the current market price of the security and below the Limit price.

Sell 

The Stop price should be below the current market price of the security and above the Limit price. 

1. Tap to 'Buy' a share;
2. Select the 'Stop Limit' Order type;
3. Select the Number of Shares;
4. Set the Stop Price. The price should be above the current price to convert the order into a Limit order;
5. Set the maximum Limit price you are willing to pay for your share.

The execution of the order will depend first on the 'Stop Price, and thereafter on the 'Limit'. 

1. Tap on 'Sell';
2. Select the 'Stop Limit' Order type;
3. Select Number of Shares;
4. Set the Stop Price. The price should be below the current price to convert the order into a Limit order;
5. Set the minimum Limit Price for which you are willing to sell a share. 

The execution of the order will depend first on the 'Stop Price' and, therefore, on the 'Limit'.