Stop Loss
under review
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Jason Stevens
I understand this platform is designed for the long term investor however it would be great to have the option to Stop Loss. Been thinking how it took the Nasdaq took 15 year to reach another high after the tech bubble burst in 2000, would be nice to get out a bit early and have cash to invest later.
Pasqual Carstens
Merged in a post:
Stop loss order
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RaviName
This feature would be good to have when setting the price below from market price to make sure we do not get to face loss too much.
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Robert Dore
Hayden, Hayden. I posted my first (Ever) comment this Arvo.... AND have to agree with all the aspects of the Stop Loss scenario that have been brought to light. As the Grand Statesman once said Jeesh Mate, "It's Time". Well, words to that effect...
Given that all of us are well and truly aware of the highly volatile times we are in, I think that Pearler's 'biting of the bullet' on this one, is a Tad overdue. Now I for one do not relish the idea of subdued Trading/Investing 'cos' it's not nice out there, for what I perceive to be a pending long'ish downtrend. BUT, notwithstanding the risks involved, I guess, like other people on Planet Australia, we would like to trade/Invest with some modicum of safety.
Is it possible for you and the Team to get a GOOD wriggle on this one....
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Robert Dore
Can't wait for OpenMarkets to introduce Stop Loss, trailing stop, and God forbid, TAKE PROFIT. And yep, prepared to pay a 'Tad' more for this privilege
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Kieran Hannigan
Do be aware that a stop-loss doesn't do what it says on the tin. When a market gaps downward during a crash, there isn't always volume trading, and the order book often has a great deal of sell orders chasing few buy orders while the spread shifts downward. There's no guarantee that orders will be filled. This type of protection is available with options but that is not recommended for retail investors. Investors should follow the maxim: never invest what you can't afford to lose. The main concern with this feature in my opinion is that it creates a false sense of security and encourages people to invest with greater risk.
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Robert Dore
In the main, I totally agree with what you are driving at. It was your last sentence that threw me somewhat... The S.L. is to MINIMIZE the Loss (If any,) by placing the Stop at the previous Low, or at least, at some point below ENTRY (Allowing for a BIT of breathing space). Dare I suggest, that this has nothing to do at all with a false sense of security, and can't for the life of me see where the encouragement to take a greater risk comes in. I've assumed you're talking Medium to Long Term Swing trading here, and definitely not Scalping, or Day Trading .....
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Mon Ang
Totally agree a must have feature to have in the platform.
Pasqual Carstens
Merged in a post:
Stop-Loss Options
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Roshana Sultan
Would be great to be able to place share orders with a stop-loss on them rather than having to manually monitor
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MA
Is there any update on the stop loss feature?
Pasqual Carstens
Merged in a post:
Stop Loss & Profit taker orders
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AshleighPascoe
Option to place a stop loss order and/or profit taker order
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Joshua Dyer
With all the chatter about potential tech bubble, it'd be nice to have the safety net of a stop loss feature.
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Sonia
Love the platform right now, but the stop loss would be a great feature to protect users when investing. Hope this one rolls out soon!
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