We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Hargreaves-Lansdowne ISA

HenryPaul1960
Posts: 2 Newbie

On 14th Jan 2025 300 shares were automatically sold from my holding of PHGP (WisdomTree Physical Gold
This in response to a Stop-Loss that I had set in the ISA at a price of 20100.00
The shares were sold at a price of 18364.00 (would have been a loss of £6k approx) and although that this was subsequently amended (after my complaint) to 20149.00 the net result was that I have sold shares that I did not want to sell at an initial loss of £900 to the market price
Today the shares stand at 20700 bringing the nominal loss to £1800
What triggered the sale was explained to me as "gapping"! An ETF is apparantly vulnerable to market price dropping while the market is closed??
My query is simply - How did the price drop due to "gapping" during working hours? Does the market close at Lunchtime?
This in response to a Stop-Loss that I had set in the ISA at a price of 20100.00
The shares were sold at a price of 18364.00 (would have been a loss of £6k approx) and although that this was subsequently amended (after my complaint) to 20149.00 the net result was that I have sold shares that I did not want to sell at an initial loss of £900 to the market price
Today the shares stand at 20700 bringing the nominal loss to £1800
What triggered the sale was explained to me as "gapping"! An ETF is apparantly vulnerable to market price dropping while the market is closed??
My query is simply - How did the price drop due to "gapping" during working hours? Does the market close at Lunchtime?
0
Comments
-
HenryPaul1960 said:On 14th Jan 2025 300 shares were automatically sold from my holding of PHGP (WisdomTree Physical Gold
This in response to a Stop-Loss that I had set in the ISA at a price of 20100.00
The shares were sold at a price of 18364.00 (would have been a loss of £6k approx) and although that this was subsequently amended (after my complaint) to 20149.00 the net result was that I have sold shares that I did not want to sell at an initial loss of £900 to the market price
Today the shares stand at 20700 bringing the nominal loss to £1800
What triggered the sale was explained to me as "gapping"! An ETF is apparantly vulnerable to market price dropping while the market is closed??
My query is simply - How did the price drop due to "gapping" during working hours? Does the market close at Lunchtime?3 -
You've discovered the fundamental flaw in relying on a Stop-Loss. During the trading session market prices for individual stocks can rapidly bounce around. Although the final net movement for the day can ultimately be minimal. The Stop-Loss is automatically triggered by default immediately the price falls below. Not a tool to use without carefull monitoring in my experience. Certainly not normally a leave and forget trade.2
-
Build an investment strategy where you have enough confidence in the long term value of the assets you own to never need a stop loss.2
-
Appreciate the commentary - Every day's a schoolday!
1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.3K Work, Benefits & Business
- 597.9K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards