As a seller, you hope to sell at the highest price possible to maximize your return. But what if instead of going up, the stock price suddenly plummets, and you are not aware? You wouldn’t be able to cut your losses and get out fast. Mitigate the risk of huge losses by setting up a Sell Stop-Limit Order ahead of time.
Rationale: Sell when price goes down
For example, if a stock is currently trading at ₱100, you can instruct FirstMetroSec to automatically send a sell order to the Exchange if the price goes down to ₱90 (your Trigger Price).