What are Stop Losses and Guaranteed Stop Losses?
A Stop Loss order allows you to set a price which if reached will automatically trigger a sell order (for long positions) or buy order (for short positions) to close your current position. This facility is available on most deals when placing a deal by telephone or online. A simple stop loss will be executed at the next available price at the time of dealing. A guaranteed stop loss is, as it suggests, guaranteed to be executed at the price you specify even if the underlying share never actually deals at the price you specify due to a sudden price movement. This guaranteed stop loss facility is available for a small charge by phone on many leading equities and indices with Barclays Stockbroker FST service.
A Stop Loss order allows you to set a price which if reached will automatically trigger a sell order (for long positions) or buy order (for short positions) to close your current position. This facility is available on most deals when placing a deal by telephone. A simple stop loss will be executed at the next available price at the time of dealing. A guaranteed stop loss is, as it suggests, guaranteed to be executed at the price you specify even if the underlying share never actually deals at the price you specify due to a sudden price movement. This guaranteed stop loss facility is available by phone on many leading equities and indices with Barclays Stockbroker CFDs service. There is an additional charge for this service.
