Order executed - now what? You can now ensure that potential profits are realized or losses limited. This saves you time and nerves. You can set a take-profit and stop-loss order for your security immediately after the purchase. No need to keep an eye on the price movements.
The take-profit order is a limit order that lets you set a price at which a security will be automatically sold. For example, if the price is 10%, 15% or 20% higher than the current price.
If the price of the security does not reach your specified limit price, the take-profit order is not triggered.
The aim is to realize potential profits before the price falls again.
The current price of a security is €10 per share. If you have set a take-profit order of 20%, the security will be sold automatically as soon as the price has reached €12.
With a stop-loss order, you set a stop price below the current price of the security. This price is the lowest price at which you would like to sell and limit further losses.
Like this you can control the maximum loss you may endure with a given security.
If the price of the security does not reach your specified stop price, the order is not triggered.
Yes, you can. To get started click the Sell button in the detail view of the security you want to set-up an order for. Define the target amount or the number of shares to be sold. Subsequently use the steps outlined below:
1. How-to set up a take-profit order
2. How-to set up a stop-loss order
Trade stocks, ETFs and more without order fees and receive 2.3% interest p.a. on cash.
From 1 February 2023 in the PRIME+ Broker.