Limits

Limits, Stop Loss and Rising Buy Orders... Take control of your trading!

Hoodless Brennan's Limit Order facility allows you to input these types of Order:

Sell Limit

This is an Order that means you set a Limit to sell 'At no less than'. IE the system will attempt to sell your shares if your price is reached. (If you set this Limit below the current market price it will attempt to sell straight away).

Buy Limit

This is an Order that means you set a Limit to buy 'At no more than'. IE the system will attempt to buy shares if your price is reached. (This is usually if a stock drops to that price or you set a Limit to buy that is higher than the current market price).

Stop Loss

This is an Order that will attempt to sell your shares if they fall to your price set or go below that level. (If the shares continue to fall they will execute the deal as soon as possible but this could be lower than the Limit price)

Rising Buy

This is an Order to buy shares if you set a price and the shares rise past that price, then the system will attempt to buy the shares for you. (This is used to buy into fast rising shares that are breaking out of a range they have traded).

The system allows you to:

• Input one Order of each type per share.

• Input/amend/cancel Orders 24 hours x 7 days a week.

• Orders remain valid for up to 14 days.

• Check on Orders that have executed, expired or failed.

• Try every time to get better prices via the price enhancer software.

• Constantly monitor live prices during market open hours to execute your Orders.

• E-mails you to tell you if an Order is executed, fails or is about to expire.

• Protects you from wide spreads at the start of trading by not executing in the first thirty seconds when spreads can be wide on SETS stocks.

Why Use Limit Orders?

Limit, Stop Loss and Rising Buy Orders are a great way of helping you plan and take control of your trading when you are not near a computer or are unable to phone your order in.

Hoodless Brennan's Limit Order facility allows you to plan ahead and enter instructions for deals to be done if your stocks reach set levels - buy, sell, limiting your loss or buying in if a share breaks their trading range upward. You can enter Orders that remain valid for up to 14 days, enough time for you to cover your holiday and not worry about whether you miss an important price moves.

If you set a Limit and that price is achieved the system will attempt automatically to execute your Order with the market and buy or sell as instructed. And don't forget the system will always try and get the best price for you using our price enhancer software - we always ask for an improved price ! The system lets you know by email of any Orders that are executed or are about to expire. You can also amend, view the history of executed Orders and those that have failed.

Risk Warnings

Click here to see full Risk Warnings.

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*Based on trading £1,000 worth of shares once per month for one year as at 15th February 2008 by www.moneysupermarket.com