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Commsec Conditional Trades - Multiple Triggers, page-3

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Golden Fleece

3,518 Posts.

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16/04/23

08:46

Post #: 67295746
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Originally posted by gavtech: ↑

For those scratching their head as to why I would want to do this...

I have different departure thresholds depending on the markets direction. I want my cake and eat it too.
i.e.
Falling Sell = If recession fears or bad news makes the stocks plummet then my exit strategy is to lose a maximum of 5% from where it sits now, but still happy to hold for another week or three - even if it only hovers around a % above or below. Maximising opportunity time.

Trailing Sell = If the stock prices climb prior to going ex-divi or other good news then I will take any further profits and exit at 2% below the future highs.

The difference between 5% down from present to 2% down in the future could be significant. (Though not enough to be in error by 50,000 shares)

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If you have 50,000 units to sell; CommSec will not let you have two sell orders each for 50,000; it would be impossible for both to be filled
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