stop loss order placement in reliance money

[srinivas.nukala]

Hello
I'VE OPENED DEMAT ACCOUNT IN RELIANCE MONEY.
I'M A POSITIONAL TRADER
I'M FACING SMALL CONFUSION IN PLACING STOP LOSS BUY/SELL ORDER IN EQUITIES.CAN ANY ONE AMONG THE COMMUNITY CLARIFY ME HOW TO PLACE STOP LOSS ORDER IN RELIANCE PLATFORM
WAITING FOR REPLY
THANK YOU

 

[gvvaidya]

Hi,
I have been using Reliance Money for some time now.

There are two ways you can do it.
1. In the normal Easy Trade section, if you have to put a stop loss order, it does not allow it to be placed directly. In such a situation, pls put a normal buy or sell order at a price lower or higher than the CMP respectively. This way your order will not be executed. Then go to the order book section and use modify order and here you can use the stop loss drop down and modify your order to suit your stop loss.

2. In the Fast Trade section, you will have to enter the scrip or future or option on the main screen. Once you have it in the screen, use the bottom part of the screen to enter the buy or sell mode. Here you find the drop down of stop loss readily available which can be easily used.

Hope this helps

Thanks

GVV
:thumb:

 

[suresh9928]

there are 3 options...buy / sell / stop loss. U have to select one..very simply..

 

[[email protected]]

Thanks GV Vaidya!
Thanks for little clarification on using stoploss method. Kindly tell me about limit price and triggered price, and how to select the figures, when stock price of "X" stock is Rs.250/- and the quantity i buy at time will be 500 nos, and sell the same when the price is picking up to 255/-, thus making a profit of Rs.2500/- But when the buy order is already placed, what amount will be figured at limit price box and triggered price box. Pl.reply.
Since the qty involved is 500 nos, even the price falls to 247/-, I will be loosing Rs.1500/- how to stop this? R.Kumaraswamy @ [email protected]

 

[walterboris]

hello
there are 3 options for that...buy , sell , stop loss. you have to select any one...