I need some guidance for Setting stop losses. I would like to be able to maximise any potential gains and limit losses should the share price drop.
If I want to set a Falling Sell, or a Trailing sell, then I can set the "trigger" value, no problem.
However, I am confused about setting the limit price, which is a requirement, in placing the order in Commsec. If I set a trigger value, then that indicates that I want to sell all of my shares. Why then would I need to set a limit, at which I do not want to sell my shares?
