You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.

What is “Breakdown Sell”?

What is “Breakdown Sell”?

Contrary to “Breakthrough buy”, investors can set a specific falling price or percentage and the system will place an order automatically after the condition is reached. “Breakdown Sell” order is usually set to stop loss when the holding options fall below a specific price.

 

Instruction

When you make a mistake in investing in an option, and want to control the loss within a smaller range. You may set the conditions through “Smart Order” - “Breakdown Sell” to stop loss.

Let's look at the steps:

 

STEP 1 Select option

 

Enter the option for trading and select “Breakdown Sell” in order type.

 

STEP 2 Set a conditional point

 

Select trigger type, price or proportion can be chosen.

Enter the target price manually for price trigger type.

Enter the % of decrease for proportion trigger type. The system will calculate the corresponding option price according to the filled proportion for proportion trigger type.  

Fill in the appropriate target price or proportion based on your analysis of an option. Generally, the maximum loss that can be tolerated. When the option price falls to a specified price, the sell order will be triggered.

 

STEP 3 Set the condition

Set the Price and Quantity.

 

 

STEP 4 Select effective time and place order 

For the valid date, same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.

Click unlock to trade and submit order. The submitted order can be viewed under the smart order page, and the order can be modified as needed.

*You are not allowed to modify if the “Breakdown Sell” order has been triggered, but you may cancel the order and place another order again.

 

Order valid date

Same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.