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 [WTA] Any online broker can do stop loss order?

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TSokk
post Jan 14 2008, 02:12 PM, updated 18y ago

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From: Sri Petaling


Hi,
Does anybody know which online broker can do stop loss order?
I am using HLeBroking and I can't do that.

For example, if current price is 2.50, and I want to sell the stock to cut loss at 2.30, I would like to key in stop loss order at 2.30 so that I don't have to monitor it consistently.
If I use HLeBroking and enter 2.30, the order will be executed immediately because the system treats that as my selling order, not a stop loss order.

Appreciate if anyone has help on this.

Thanks.
TSokk
post Jan 14 2008, 02:16 PM

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From: Sri Petaling


Nope, Maybank also doesn't have that..
Actually for online broker in US, this is a very basic feature, I just wonder why Malaysia brokers don't provide that...
TSokk
post Jan 14 2008, 02:58 PM

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Hmmm.....this is actually an important feature for risk management because if if you are not able monitor your stock every hour, it can be dangerous if you miss your stop loss price especially for volatitle stocks or warrants...
TSokk
post Jan 14 2008, 10:33 PM

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I think our online broker is still not matured like other countries yet..in countries like US, their online broker even provide charting and technical analysis tool and their brokerage is far far more lower than us...
TSokk
post Jan 26 2008, 04:44 PM

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QUOTE(wodenus @ Jan 26 2008, 04:37 PM)
LOL have you even used an online brokerage ? most of them have charts, and tons of info for fundamentals traders smile.gif
*
I always use online trading.
The so called charts are basic charts.
You know what are technical charts?
Those with indicators like moving average, bollinger bands, OBV, RSI, etc..
I don't think there is any online broker which provide that...

This post has been edited by okk: Jan 26 2008, 04:45 PM
TSokk
post Jan 27 2008, 02:01 PM

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From: Sri Petaling


QUOTE(SKY 1809 @ Jan 27 2008, 01:37 PM)
Hi OKK, i find some info which might be helpful to you, though not complete.

http://www.shareinvestor.com.my/
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Thanks smile.gif
Actually what I need now is the stop loss order thingy coz for technical charts, I am using Businessweek website to get it, which is quite comprehensive already.

 

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