Auto Sell Limits30 Jun 2018 07:45
Whilst not wanting to get ahead of ourselves I would recommend to the unwary in setting sell limits at levels they are happy with either a single figure or layered upwards in share tranches
You'll find that if it does charge to (for example) 10p trying to do manual buys/sales will prove almost impossible because of volume the same happening when we saw 11p a year ago.
I and doubtless many others were trying to bank huge gains but the MMs were having nothing of it.
I got out at 9.76p eventually whereas I was trying desperately from 11p and dropping by the second
I have used Hargreaves auto system quite successfully albeit you'll find that the settlement on your account wont show immediately even if you refresh but at end of the day
On 2 occasions had to ring them to confirm that they had actually auto sold/bought....... Be wary of that because for example you may want to have sold 100,000 shares and suddenly you think shight its NOT gone through and do a manual sale instead only to find that at end of the day the original 100,000 had indeed crystallized properly
Just a heads up on my experience with Hargreaves who in my opinion are the best albeit not the cheapest