It is possible to set up take-profit or stop-loss orders for securities you already have in your portfolio. To get started, click the "Sell" button in the detail view of the security you want to protect and define the target amount or the number of shares to be sold. Subsequently, use the steps outlined below:
How-to set up a take-profit order:
- Add a limit price, i.e. the highest price you expect that share to achieve and at which you want to sell.
- Click "Sell" to create a pending sell order with a limit price (take-profit order).
- The order will be executed automatically, once the security price reaches the specified limit.
How-to set up a stop-loss order:
- Add a stop price, i.e. the lowest price per unit at which you want to sell.
- As soon as the specified stop price is reached, the order will become a market order (stop-loss order). Note: It may get executed at a lower price.
- To prevent your shares from selling at a lower price than your specified stop price, you can add a limit price (stop-limit order).
- Click "Sell" to create a pending sell order with a stop or stop-limit.
How-to set up a take-profit order:
- Add a limit price, i.e. the highest price you expect that share to achieve and at which you want to sell.
- Click "Sell" to create a pending sell order with a limit price (take-profit order).
- The order will be executed automatically, once the security price reaches the specified limit.
How-to set up a stop-loss order:
- Add a stop price, i.e. the lowest price per unit at which you want to sell.
- As soon as the specified stop price is reached, the order will become a market order (stop-loss order). Note: It may get executed at a lower price.
- To prevent your shares from selling at a lower price than your specified stop price, you can add a limit price (stop-limit order).
- Click "Sell" to create a pending sell order with a stop or stop-limit.