I doubt it. Logically, you can’t create a stop-loss on something that you don’t own yet. What is supposed to happen when this point is triggered, but there’s nothing to sell? Seems like this would need special engineering work to be somehow implemented.
Haven’t tried anything like that yet, but that seems like something you should be able to do. It’s just having multiple open orders on the same stock. Obviously it would need to delete the stop loss if the limit order was triggered and vice versa.
I currently have a limit order to sell all of my shares when the price of a stock hits 12. When I try to set a stop loss order on the same stock , to sell if the price falls, it says I have 0 shares to sell.
It looks like each order encumbers that specific portion of your total quantity for that share.
I.e. If you own 10 AAPL shares, then the sum of the simultaneous orders can’t exceed 10.
Last time I used it, there was also a limit on the number of simultaneous orders for a share (I believe it was 2).
I would prefer not to have these restrictions, but I assume it’s by design to release the first iterations of the functionality and hope that improvements fix it
Hope you’re well and thanks for raising this. You can place up to 2 limit/triggered orders of each type on a single stock - e.g. you can place 2 buy limits, 2 sell limits, 2 triggered stop loss orders and etc. on a single stock.
When you create a sell limit or stop loss order, we ringfence the shares and update your available balance. If you’ve chosen to sell all shares through a sell limit/triggered order, the balance of your available shares will be updated to 0 and you will not be able to place another sell limit/triggered order for that stock.
Hope the description above makes sense. Please let me know if you have any further questions.
I’ve got the same issue today. Ive watched the live price drop below what my buy limit was set at yet no order was executed. Same goes for my sell price that was set on the same stock.
Really disappointing, given this was my first tinker with the new FT Plus. Kinda feel a bit scammed really as it isn’t delivering what its supposed to.
I have the same issue… I should be able to set a stop loss and a limit/triggered at the same time yet can’t.
I should also be able to do an instant order regardless… It should have precedence over triggered orders rather than making me cancel them… Even if that means a warning that it would cancel my limit order.
Makes responding quickly to new information difficult.
I get that you want to keep the flows simple and go for the next headline feature, but this is currently not reaching MVP.
I’d prioritise being able to set a stop loss and a limit order at the same time… Then I’d deal with being able to execute instant orders regardless of triggers.
Has there been any update or further thought on this. It seems like a glaring issue when trying to act quickly and having to cancel things gets in the way. I also think having bracket orders would be a massive improvement to the plus subscription.