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Commsec stop loss: How does that work?

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I know the moderator wants these Commsec questions under Brokers in the Commsec Q+A thread, but I poted there and nobody noticed it. So here it is. (sorry moderator)


Commsec conditional trading triggers...

On a falling sell, triggering at $1.00 with sell limit of $0.90

Does that mean that the falling stock will sell when it falls to $1.00 but not if it goes below $0.90 (if start of trading opened at less than that)

Or does it mean that the sell is "triggered" and goes live at $1.00 but does not sell unless the stock goes down to $0.90. Thus allowing you to set the falling sell limit above current stock value in case it turns and drops later.

Excuse the dumb questions, I am in a very steep learning curve right now
 
Re: Commsec stop loss. How does that work????

I know the moderator wants these Commsec questions under Brokers in the Commsec Q+A thread, but I poted there and nobody noticed it. So here it is. (sorry moderator)


Commsec conditional trading triggers...

On a falling sell, triggering at $1.00 with sell limit of $0.90

Does that mean that the falling stock will sell when it falls to $1.00 but not if it goes below $0.90 (if start of trading opened at less than that)

Or does it mean that the sell is "triggered" and goes live at $1.00 but does not sell unless the stock goes down to $0.90. Thus allowing you to set the falling sell limit above current stock value in case it turns and drops later.

Excuse the dumb questions, I am in a very steep learning curve right now

Trigger @ $1, will put in a sell order at $0.90
ie will sell down to $0.90 but not lower.
 
Re: Commsec stop loss. How does that work????

Trigger @ $1, will put in a sell order at $0.90
ie will sell down to $0.90 but not lower.

So thats means, on a high volume stock, you will get $1 (or very close to $1).

Cool.

Thanks.
 
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