What you want: A stop-limit order. What you have set: Stop-loss. Difference: With stop-limit, your order enters the market with your limit when the stop is reached. With stop-loss: Order enters the market UNLIMITED when the stop is reached. So it's not really up to the broker (unless they don't offer a stop limit).🤷🏼♂️
•
1313
•
@All-in-or-nothing very well explained 👍🏼
•
11
•
Very interesting, didn't even know there was a difference. Thank you.
So with my broker it is just called "stop order" without further classification and it is explained that my WP will be sold when the set price is reached.
So with my broker it is just called "stop order" without further classification and it is explained that my WP will be sold when the set price is reached.
••
Then it should surely work with Smartbroker? As a "professional order", can I set limit buy and stop buy when buying and limit sell and stop sell and trailing stop sell when selling?
My other broker only offers limit buy and stop sell
Or not? Because I had always understood that with stop selling you sell if the line is torn downwards and with limit selling if it is torn upwards, e.g. if the share rises sharply. I think it even says that the limit must be above the market price and the stop below?!
Which broker can do limit and stop at the same time, so that the stop is sold but not unlimited?
My other broker only offers limit buy and stop sell
Or not? Because I had always understood that with stop selling you sell if the line is torn downwards and with limit selling if it is torn upwards, e.g. if the share rises sharply. I think it even says that the limit must be above the market price and the stop below?!
Which broker can do limit and stop at the same time, so that the stop is sold but not unlimited?
••
@Soprano It would be important to add that your WP is sold at the "set limit". Otherwise it is a standard stop loss.
•
11
•@Soprano According to Chat GPT, FlatexDegiro should definitely be able to do this. Also Scalable, Smartbroker+, Zero and ING. With ING I can say that it doesn't work in the app, but the full scope is included in the web application.
•
11
•@All-in-or-nothing I have both Scalable and SB+ and will report back
•
11
•