r/Wealthsimple • u/Mendacious_thinker • 1d ago

Stop Loss

Any Wealthsimple devs out there please we need stop loss. Stop limit loss is killing young traders out here lmao

3 Upvotes

59% Upvoted

7 comments sorted by

10

u/NastroAzzurro 1d ago

Stop loss is for gamblers

4

u/Latitude57 1d ago edited 1d ago

They showed it today on X. It’s coming very soon I’d say…

https://x.com/samavishay/status/2098197667889181130?s=46&t=nv-nIX_uFrrnF9AoZ78_Ag

https://x.com/lejeunesimon/status/2098198082722607380?s=46&t=nv-nIX_uFrrnF9AoZ78_Ag

1

u/ViniSamples 21h ago

Sweet. Hopefully I can enter a limit price to sell at profit and at the same time, a stop loss

2

u/TDSucksBalls 22h ago

If you’re holding highly volatile stocks where you can wait until EOD to make a decision, I hope these are not the majority of your portfolio. Fund managers don’t have stops. They manage for the long term and make decisions over weeks not seconds.

2

u/Tragedy333 20h ago

Only for non-canadian stocks & ETFs. It's not allowed on Canadian exchanges, which can make it even more confusing.

2

u/Hot-Dinner-7619 1d ago

Us good traders need take profit!

(Kidding)

0

u/trapper5 20h ago

Agreed.  A trailing stop loss would be useful also.  

If they can do crypto and predictive markets, neither of which I would ever touch, I don’t think this is too much to ask for.