What is “Breakdown Sell”?
What is “Breakdown Sell”?
Contrary to “Breakthrough buy”, investors can set a specific falling price or percentage and the system will place an order automatically after the condition is reached. “Breakdown Sell” order is usually set to stop loss when the holding stocks fall below a specific price.
“Breakdown Sell” smart order currently supports US stock pre-market and after-hours trading.
Instruction
When you make a mistake in investing in a stock, and want to control the loss within a smaller range. You may set the conditions through “Smart Order” - “Breakdown Sell” to stop loss.
Let's look at the steps:
STEP 1 Select stock
Enter the stock for “Breakdown Sell” and select it in order type.
STEP 2 Set a conditional point
Select trigger type, price or proportion can be chosen.
Enter the price manually for price trigger type.
The system will calculate the corresponding stock price according to the filled proportion for proportion trigger type.
Fill in the appropriate target price based on your analysis of a stock. When the stock price falls to a specified price, the sell order will be triggered.
STEP 3 Set the condition
Set the Price and Quantity
STEP 4 Select effective time and place order
For the valid date, same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.
Click unlock to trade and submit order. The submitted order can be viewed under the smart order page, and the order can be modified as needed.
*You are not allowed to modify if the “Breakdown Sell” order has been triggered, but you may cancel the order and place another order again.
Order time
Anytime
Order valid date
Same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.
