What is “Stop-Loss”?
What is “Stop-Loss”?
Contrary to “Take-Profit”, investors set a decrease rate according to the latest price, the system will place an order automatically after the condition is triggered. It can be used to stop the loss when your option holdings fall.
Instruction
When you make a mistake in investing in an option and you want to avoid bigger loss. You may set the conditions through “Smart Order” - “Stop-Loss” to sell an option based on the % of decrease.
Let's look at the steps:
STEP 1 Select option
Enter the option for “Stop-Loss”.
STEP 2 Set a conditional point
Input the % of decrease, which is generally the maximum loss that can be tolerated.
Fill in the appropriate % of decrease based on your analysis of an option. When the option price drops to a specified range, 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 “Stop-Loss” order has been triggered, but you may cancel the order and place another order again.
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.
