Australia's largest stock trading and investment forum Australia's #1 stock forum

If you have 50,000 units to sell; CommSec will not let you have...

First 3 Last

Share
Profile

Follow
Golden Fleece

3,445 Posts.

244

16/04/23

08:46

Post #: 67295746
Share

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)

Expand

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
Upvote

Reply

There are more pages in this discussion • 6 more messages in this thread...

First 3 Last