Conditional trading is a great way to create a controlled entry and exit strategy for securities in your portfolio, allowing you to lock in profits and minimise losses, even when you can’t watch the market every minute. It gives you the freedom to take time off monitoring your shares, but the control of knowing that your investment strategy is still in place.
When you place a conditional order, you instruct us to buy or sell a security when the price reaches the level that you choose (your trigger price). We monitor the market for you, and when the price rises or falls to reach your trigger price, we place a limit order on your behalf.
You can use conditional trading to reduce risk by limiting potential losses, or to lock in capital gains. And putting conditional orders in place can help you to enter or exit the market according to your investment strategy, but without the stress of having to monitor the market constantly.