Stop Loss Order

To help investors cut their stock losses with a defined expected loss that the investor accepts, the order is effective for many days.

1. How to place a stop loss order on WebTrading

Step 1: Login to your account => “Trading” => “Conditional order” => “Order Condition”

Insert OTP code to confirm your account then on the condition order screen, choose “Stop Loss Order” and sub-account to place the order.

Step 2: Insert information about Effective time, Setting condition, Buy or Sell, fill in the securities symbol and volume.

• Effective time: from …. to …. The pre-market order is valid no longer than 30 days from the placed time.
• Setting condition:

+ Match one time: the order would be matched one time only. On the effective day, if part of the order matches, the order status will be invalid at the end of that day.

+ Match order volume: within the valid time of the order, the system automatically activates when all the conditions are matched (price, volume, effective date…) until ensuring that all the placed volumes are matched.

• Average buying price: the average price will be set by default but the customer can set another price.
• Activating condition:

+ Different from average price (to calculate the activate price which is the estimated loss)

Activate Price = Buying Average Price – Difference from average price. If the market price <= activate price, the order will be activated and pushed to the exchange.

+ Different Amount (Not compulsory) (to calculate the order price when pushed to the exchange, increasing the order matching probability)

Order Price = Activate Price – Different Price

If the Different Price is not mentioned, Order Price = Activate Price

The order will only match if these 2 conditions are met:

+ Within valid time + The market match price is no higher than the activate price.

At the time the order is activated, if the conditions about selling power,… the system will push the normal LO selling order with the order price = market price (activate price) – different price, the order volume = remaining not matched volume. If the order is pushed successfully, the status will be Activated.

*** Note: At the time the order is activated:

– If the order price is outside the ceiling range, the order activation will fail and it will not be sent to the exchange.

– In the case where the symbol undergoes a rights issue leading to an adjusted market price that meets the activation conditions, the order will still be activated normally according to the adjusted market price.

Step 3: Choose “Order Buy”/ “Order Sell” to finish placing order

2. Example:

– Day D-1, the investor buy 10.000 HDC with the price of 28.680 => Average price = 28.680 (the average price will be automatically calculated when choosing the sub-account and symbol).

– Different price = 1.000

– Activated when the market price <= 27.600 (28.600 – 1.000) & Order price = 28.600 – 1.000 = 27.600

– When matching, HDC price <= 27.600

If the Different Price = 100 => the order is activated and the price = 27.600 – 100 = 27.500 If the Different Price = 0 => the order is activated and the price = 27.600

3. Stop Loss Order’s Features:

• Only can place Limit Order (LO)
• Order out time does not check the buying/selling power. The order will be activated and sent to the stock exchange if the conditions about price and volume are matched.
• For order out time placed before 8:40, the system will check the conditions once only at 8:40. When the order has been activated (matched or not, or refused), the order will automatically expire at the end of the day and be activated again on the next day if it is still in the effective period.
• The conditional order can only be cancelled but cannot be adjusted.