How To Set A Stop Loss On Webull

Limit and Stop-Loss Orders at Webull and How to Use Them

Webull has a groovy desktop platform and mobile app, and each one offers terminate-loss and limit orders. These social club types can be used on both sides of a trade (buy and sell). Just follow the instructions below and you lot'll exist able to apply these orders similar a pro.

What is a Limit Order?

A limit gild is an order to sell a security at or above a certain toll, or to purchase information technology at or below a sure price. For instance, a limit lodge to sell TSLA at $1,500.00 would execute only if the stock price hit $one,500.00 or college. Information technology would not execute at $1,499.99. So the limit order guarantees a certain price.

What is a End-Loss Order?

A stop-loss order, as the name suggests, prevents farther losses on a stock. For case, if AMZN is trading at $3,000 and you don't want to lose more than than $500 per share, you could set a stop-loss social club of $2,500. If the stock dropped that far, it would automatically trigger a sell order. This would take you out of the trade, preventing a deeper loss. Stop-loss orders can too exist gear up for short positions. In this state of affairs, you would use a buy-stop society instead of a sell stop.

Limit and Finish Loss Orders Committee

Webull does not charge commissions on any trades including limit orders and stop losses.

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Placing Limit and Stop-Loss Orders on Webull's Desktop Platform

To place a limit or stop-loss order on the desktop system, you lot'll first demand to download and install the software. Alternatively, you can use the platform within a browser straight from Webull's website.

In either browser or desktop version, you can do placing orders in newspaper-trading mode. But click on the lesser icon with a dollar sign ($) in the left-hand card. This will put you in simulated manner. Terminate-loss orders are only available in live mode.

One time you're in demo mode, you'll see an society ticket with both sell and buy buttons. So click on buy or sell, and so cull LIMIT from the drop-down menu labeled Order Type.

Adjacent, you'll desire to set the limit cost. Call back that for a buy lodge, the limit is the maximum value; for a sell lodge, the limit is the minimum price.

Afterward you accept plenty of experience nether your chugalug and you're ready to place a live trade with existent money, you need to exit simulated-trading mode. To practise this, but click on any other icon in the left-manus menu.

The all-time way to bring upward the alive trade ticket is to go to a security's graph and right click on it. In the popular-upwardly menu that appears, you'll get the regular order ticket.

On the live ticket, Webull automatically includes 2 options for accept-profit and terminate-loss orders. Adding these two to an entry order creates a subclass order.

The have-profit is some other limit lodge. This locks in a profit. And the stop-loss prevents losses across a set cost, which is the stop price. When inbound your initial limit lodge, you can decide the maximum amount you're willing to lose and enter the stop-loss order at the start.

Think that if you're curt selling, the stop price volition be to a higher place the sell price. If you enter with a long position, the stop toll volition be below the entry toll.

Placing Limit and Finish-Loss Orders on Webull's Mobile App

The procedure for placing limit and stop-loss orders is very like. The app offers both imitation trading and live trading. At the bottom of a stock's profile, yous'll meet a Merchandise button. This will bring up the order ticket, which is the aforementioned as the desktop'southward ticket.

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Source: https://topratedfirms.com/trading/limit/webull-limit-order.aspx

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