reliance money stop loss

[neuron]

hi

i have a query regarding reliance money stop loss , can any one tell me does reliance money support that?

Suppose i buy i share X at 100 and i want to sell it if the current market price goes to 95 to check my current loss.

but reliance money does not have that facility.


neuron

 

[leo_3455]

hi

Select the script, fill in the quantity (X), Select sell, stop loss, enter the stop loss price (95) and trigger price (95.4 or so).

Sell Order of 95 is triggered as soon as the CMP comes to 95.4.

You can check the status of this order in the order book.

 

[jitu123]

yes it supports, stoploss is an essential field in any trading system.

select stoploss from order type(market/limit/stoploss) from the order screen

Regards,
Jitu

 

[andygp]

Anyone knows if RMOney stoploss works for F&O positions? Also I assume this stop-loss will be valid only for the day.

 

[jitu123]

Anyone knows if RMOney stoploss works for F&O positions? Also I assume this stop-loss will be valid only for the day.

Yeah it works for F&O & it woudn't last more than one day trading session. infact many portal support order for a day.

Regards,
Jitu

 

[neuron]

Thanks for replying

i think i did not frame my question too well

Lets say i buy a share X for 100 (margin trading)

I put a stop loss order for 95 and i put a square off order for 105 (so that i don't have to monitor manually) , now the problem is that if one of the order is executed , the second one still exists and it has a chance of getting triggered

Suppose the price rise to 105 and my trade is squared off , after this if price falls to 95 , my stop loss order would get triggered and i would end up selling one share at 95.

in summary

10:00 am 1 share of X buy 100
10:05 am 1 share of X sell 105 --- basically squared off
10.10 am 1 share of X sell 95 -- i did not want this to happen as i have already squared off

So i have to still monitor the price trend

i hope i make a little more clearer this time

neuron

 

[BUZZ]

Thanks for replying

i think i did not frame my question too well

Lets say i buy a share X for 100 (margin trading)

I put a stop loss order for 95 and i put a square off order for 105 (so that i don't have to monitor manually) , now the problem is that if one of the order is executed , the second one still exists and it has a chance of getting triggered

Suppose the price rise to 105 and my trade is squared off , after this if price falls to 95 , my stop loss order would get triggered and i would end up selling one share at 95.

in summary

10:00 am 1 share of X buy 100
10:05 am 1 share of X sell 105 --- basically squared off
10.10 am 1 share of X sell 95 -- i did not want this to happen as i have already squared off

So i have to still monitor the price trend

i hope i make a little more clearer this time

neuron

I am not sure after square off your X share at 105 Rs you still can put another sell order

as Stop loss!!!

 

[nagakiran]

Thanks for replying

i think i did not frame my question too well

Lets say i buy a share X for 100 (margin trading)

I put a stop loss order for 95 and i put a square off order for 105 (so that i don't have to monitor manually) , now the problem is that if one of the order is executed , the second one still exists and it has a chance of getting triggered

Suppose the price rise to 105 and my trade is squared off , after this if price falls to 95 , my stop loss order would get triggered and i would end up selling one share at 95.

in summary

10:00 am 1 share of X buy 100
10:05 am 1 share of X sell 105 --- basically squared off
10.10 am 1 share of X sell 95 -- i did not want this to happen as i have already squared off

So i have to still monitor the price trend

i hope i make a little more clearer this time

neuron

I never heard of any brokerage house in india supporting this option..
Its very handy in most cases especially for intraday trading.

 

[AW10]

This type of order is referred as "One Cancel Other (OCO)" order. This OCO order will
give you option to bundle your Profit Target order (@105) with Stop loss order (@95). Based on whichever is triggered first, other order from the bundle will be cancelled automatically. I don't think any broker in India is offering this at this time.. Great order type for active traders. Hope our brokerage house raise their level and provide it soon.

Happy Trading.

 

[neuron]

hi

i figured out how to do this in reliance money , first use square off option and then use stop loss option , vice versa wont work , the only problem is that the other order does not cancel automatically , so if ur one order is triggered u have to make sure to cancel other one also

neuron