How To Set Stop Loss On Webull Options

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

Webull has a not bad desktop platform and mobile app, and each 1 offers finish-loss and limit orders. These order types can be used on both sides of a trade (buy and sell). Just follow the instructions beneath and y'all'll exist able to apply these orders similar a pro.

What is a Limit Order?

A limit order is an social club to sell a security at or above a certain price, or to buy it at or beneath a certain price. For case, a limit order to sell TSLA at $1,500.00 would execute only if the stock price hitting $1,500.00 or higher. It would not execute at $1,499.99. And then the limit order guarantees a sure price.

What is a Cease-Loss Guild?

A cease-loss order, as the proper noun suggests, prevents further losses on a stock. For case, if AMZN is trading at $three,000 and yous don't want to lose more than $500 per share, you could set a stop-loss order of $two,500. If the stock dropped that far, it would automatically trigger a sell club. This would take yous out of the trade, preventing a deeper loss. Stop-loss orders tin likewise be fix for short positions. In this situation, you would use a buy-finish order instead of a sell terminate.

Limit and Terminate Loss Orders Commission

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

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

To place a limit or terminate-loss society on the desktop system, you'll kickoff need 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 practice placing orders in paper-trading fashion. Only click on the bottom icon with a dollar sign ($) in the left-mitt carte du jour. This will put y'all in simulated mode. Stop-loss orders are only bachelor in live mode.

Once you're in demo mode, y'all'll see an order ticket with both sell and buy buttons. So click on buy or sell, and then choose LIMIT from the drop-down card labeled Order Type.

Next, you lot'll want to set the limit price. Remember that for a purchase order, the limit is the maximum value; for a sell order, the limit is the minimum price.

After you accept plenty of experience nether your belt and you're ready to place a alive trade with real money, you need to exit simulated-trading mode. To do this, simply click on whatsoever other icon in the left-manus menu.

The best mode to bring up the alive trade ticket is to go to a security's graph and right click on it. In the pop-up menu that appears, you'll get the regular order ticket.

On the live ticket, Webull automatically includes ii options for take-turn a profit and cease-loss orders. Adding these two to an entry order creates a bracket guild.

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

Remember that if you're short selling, the cease cost will be above the sell cost. If y'all enter with a long position, the stop price will be below the entry price.

Placing Limit and Terminate-Loss Orders on Webull'due south Mobile App

The procedure for placing limit and finish-loss orders is very similar. The app offers both simulated trading and live trading. At the lesser of a stock's profile, you'll run into a Trade button. This will bring up the order ticket, which is the aforementioned every bit the desktop'due south ticket.

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• WeBull Free Stock Offer
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• WeBull Options Paper Trading
• WeBull IRA Business relationship
• WeBull Requirements

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

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