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Limits

Setting price limits

With an ISA you can set a price limit when dealing shares. A price limit allows you to buy shares at a price no higher than you are prepared to pay and sell shares at a price you specify – locking in profits or minimising losses.

• Buy/sell limits help plan your investment strategy
• Stop-loss limits help bank a profit or minimise a potential loss
• Tracking stop-loss limits lock in profits by selling shares when they drop from a peak price
• Limit safeguard prevents limit orders triggering when spreads widen abnormally

It's always a good idea to keep an eye on your limit orders to ensure they remain valid and realistic. That's why you can set limits for up to 365 days at a time - if your order hasn't been dealt in that time you might want to change the limit.

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