One of the secrets of successful investing is controlling when you buy and sell a stock, ensuring you don’t pay too much for a stock or sell for too little. Conditional Orders allow you to set a stop loss or place a limit order, giving you more control and saving you money.
You select the share you want to watch, then set a trigger price and a limit price. CommSec monitors the market and when the share price hits your conditional order, they place a limit order on your behalf.
You can choose from four types of conditional order:
|When the share price falls||When the share price rises|
|To sell||To buy|
|Stop Loss||Supporting Buy|
|Resistance Sell||Buy Gain|