What is the procedure for placing Stop Loss Orders?
Stop Loss order can be placed while placing a fresh order as well as a square off order. Basics of Stop Loss Order :- Buy : Market Price < Trigger price < Order Price. (Trigger price entered should be greater than the market price) Sell : Market Price > Trigger price > Order Price. (Trigger price entered should be lesser than the market price) When the market hits the trigger price, the order is forwarded to the exchange and the same gets traded at a price between the Trigger price and the order price.
Stop Loss order can be placed while placing a fresh order as well as a square off order. Basics of Stop Loss Order:- Buy: Market Price < Trigger price < Order Price. (Trigger price entered should be greater than the market price) Sell: Market Price > Trigger price > Order Price. (Trigger price entered should be lesser than the market price) When the market hits the trigger price, the order is forwarded to the exchange and the same gets traded at a price between the Trigger price and the order price.
