Forum Archive Index - October 1999

[Edwin Sutherland <Edwin.Sutherland@directbroking.co.nz>]

Hi Rini,
 
Direct Broking's on line service, Direct Trade has such a stop loss
facility.
 
You can enter the market price at which you wish your sell order to be
actioned - We recommend you also enter a minimum sell price as automated
selling can push prices down on less liquid stocks.
 
This is a service that should be specifically requested but does not cost
any more.

Regards,
Edwin Sutherland 

-----Original Message-----
From: Rini H [mailto:the4rs@ihug.co.nz]
Sent: Sunday, October 10, 1999 10:05 PM
To: sharechat@sharechat.co.nz
Subject: [sharechat] Stop Loss Order


I have heard about trading with Stop Loss order to minimise your loss when
the market turns against you. That is when the market price goes down and
hit your Stop Loss price then your Stop Loss order becomes a market order. 
I thought this will give me a peace of mind when trading with Stop Loss, 1st
to minimise your loss, 2nd to protect whatever gain we have so far. 

I have checked a few brokers including On Line Access Web-broker, they could
not take Stop Loss orders.
I would like to hear if you happen to know any brokers who would accept Stop
Loss order?
 
Rini


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