Commsec stop loss question

[princeplanet]

Why does Commsec limit the difference between the trigger price and the price limit (for falling sell orders)?

For some stocks I was limited to only a half of a percent in difference. The worry of course, is that in a crash scenario the the price will fall through both the trigger and the limit, leaving me exposed.

Any thoughts on this? Also, another question is how to set a trailing stop order, say permanently 10 % below the highest recent price?

thanks

 

[princeplanet]

bump, still wondering why some stocks have a wider margin than others regarding the split between, trigger and price limit.... anyone?

 

[tinhat]

Do you have any examples of where they are restricting you as you say? Why don't you ring them up and ask them? I am curious to know the answer.

 

[princeplanet]

Do you have any examples of where they are restricting you as you say? Why don't you ring them up and ask them? I am curious to know the answer.

Seems the bigger the blue chip stock, the narrower the margin. I did ask but was told it's "ASX policy " without any explanation offered....

 

[tinhat]

Unbelievable. I wanted to place a falling sell conditional order this morning on MNF. The shares were trading at about 1.25. I wanted to put a stop loss sell trigger price of $1.19 with a limit of $1.09. Commsec wouldn't accept the order because the trigger price was too close to the current market price (which if I remember correctly was around 1.25?). It also said the limit was too far from the trigger! What's the bloody use of conditional orders then?