Basic Guidance Sought

[billachat]

I use ODIN for trading. I have some basic question's for which I seek guidance/advise from all

1. I have bought a share for Rs. 100/-, My Target price is Rs. 102/- but I want put a stop loss at Rs. 98/-. How do I put the stop loss in ODIN after my purchase ??

2. I have bought a share for Rs. 100/-, My Target price is Rs. 102/-. The target price is reaching but I feel/assume/see the price will only fall from there & I want to sell again from there. What should I do (e.g should I double the selling quantity)??

Thanks & Regards

 

[PreSap]

I use ODIN for trading. I have some basic question's for which I seek guidance/advise from all

1. I have bought a share for Rs. 100/-, My Target price is Rs. 102/- but I want put a stop loss at Rs. 98/-. How do I put the stop loss in ODIN after my purchase ??

2. I have bought a share for Rs. 100/-, My Target price is Rs. 102/-. The target price is reaching but I feel/assume/see the price will only fall from there & I want to sell again from there. What should I do (e.g should I double the selling quantity)??

Thanks & Regards

Hi Billachat,

I can only help with your first question. Assuming you have already placed the buy order, follow the steps below:
1. Press F2 to bring up the Sell Order window.
2. Change "Type" field to SL to place a Stop Loss Order.
3. Enter the trigger price as 98 in the "Trig. Price" field.
4. You can enter a price lower than your trigger price in the "Price" field for a SL Limit Order. You can leave the "Price" field empty so that this is a SL Market Order. Press "Submit" to place order.

Hope it helps!

 

[mohan.sic]

I use ODIN for trading. I have some basic question's for which I seek guidance/advise from all

1. I have bought a share for Rs. 100/-, My Target price is Rs. 102/- but I want put a stop loss at Rs. 98/-. How do I put the stop loss in ODIN after my purchase ??

2. I have bought a share for Rs. 100/-, My Target price is Rs. 102/-. The target price is reaching but I feel/assume/see the price will only fall from there & I want to sell again from there. What should I do (e.g should I double the selling quantity)??

Thanks & Regards

for second Q,

Yes. You can double the sell qty. Or You can place a fresh normal sell order.

Or You can place a fresh stop loss order with Trigger price 102 and sell price below 102. ( this is recommended only if you trade huge quantities or low volume stocks ).

 

[billachat]

Thank u both, but suppose it reaches my assumptive price of 102/- in the first place (for Q.1) if my trigger price is 98/- how will it get executed at my profit target of 102/-??

Q1. Is the trigger price my actual stop loss price? should the TP be below the SP?
Q2. Should the subsequent trailing stop loss be incremented likewise?

Thanks & Regards