TradePlan

Limit Order

Allows you to pre-set a price at which you want to buy certain shares or at which you’d like to sell certain shares. Limit orders can be set for up to 90 days after which they’ll either need to be amended or re-set.

Stop Loss

Although this is not a Guaranteed Stop Loss, this tool allows you to set a price at which your shares will be sold, at the earliest opportunity, if the share price drops. Thus helping you to control how much loss you’re prepared to make from a trade.

Range Trading

If you tend to buy low and sell high in the same stock constantly then Range Trading could be a great benefit to you. When you set up a Range Trade you’ll essentially be asked to set up a combination of two limit orders, one to buy stock at a low price and another to sell stock at a higher price. Once set up, the Range Trade is programmed to always alternate between buys and sells. Always buying when the ‘lower price’ is hit then selling when the higher price is hit then repeating the instruction when the ‘lower price’ is hit again.

Target Setting

If you have a certain investment objective for a particular stock. For example, if you buy a share for £2.00 and would like to sell if it reaches £2.20 then you can set a limit order to sell at £2.20. In combination with this if you would like to sell should the share price start falling and for example reach £1.80 then you can set a stop loss order to sell at £1.80. Target Setting can be set up to automatically execute these trades for you.

Price Locking

Use Price Locking to track and benefit from a rising share price. We describe it as an intuitive stop loss; it automatically adjusts your stop loss target price each day to lock in any price rises. For example, if the current price for XYZ plc is 650p you could set a 20p Price Locking stop loss to sell at 630p. If the share price falls to 630p during the trading day, then your shares would be sold. If the shares rise and close at 660p, your stop loss order would be increased from 630p to 640p maintaining your 20p tolerance.

Important information about TradePlan executions

We do not offer a guaranteed price function which means that the price you request for a limit or stop loss order may not be the price you receive. When the share price reaches your target price, your order is triggered and will be actioned in 'fair and due turn'. This means that the share is dealt as soon as possible at the best price that can be obtained after the trigger price is hit. In addition market volatility can substantially influence the price we achieve for your order.

Set up a TradePlan

To set up a TradePlan on your current holdings please sign in and access TradePlan from the navigation.