A stop loss order is an order to sell a security when its market price reaches a certain level below its purchase price. If you own a security in your portfolio and would like to add a stop loss, you can do so by placing a stop loss conditional order from the Trade menu option. A stop loss can also be added using the slider menu option available on the Holdings screen as explained below.
To place a stop loss order using the trade menu, tap on the Trade option in the bottom navigation bar, search for the stock code to which you would like to add the stop loss order.
Select the stock code from the search results, this would take you to the order pad.
Select the Sell option and switch on the toggle button labelled Conditional order, the Stop loss option will then become visible.
Select the Stop Loss option to change this to a stop loss order. In the trigger price field, input the desired stop loss price level and continue with the rest of the order placement steps.
To place a stop loss order from the Holdings screen, tap on the Portfolio option in the bottom navigation bar and choose the trading account that holds the desired security code, this will take you to the holdings screen.
On this screen, select the desired security code to view sliding menu at the bottom of the screen. From this menu, select the option Set up Stop Loss Order.
This will take you to the order pad with stop loss option automatically pre-selected. Input the desired trigger price and continue with the rest of the order placement steps.