Stoploss order
- Thread starter mailbox.preeti
- Start date
Stop Loss(SL) means Stop your Loss.
If stock is Bought then there should be Sell SL order.
If stock is Sold then there should be Buy SL order. If stock short sell done then don't forget to buy on the same day. F&O positional short sell can be done.
If 1 stock bought at 100 and decided that 98 should be SL then:
Sell SL-L (Stop Loss Limit) order can be placed with trigger price of 98 and order price of 93. Once market price comes at 98 then SL-L order gets triggered and sell order for 1 stock becomes active and 1 stock will be sold at available best bidding price (at 93 or above since 93 was set as order price in SL).
Sell SL-M order is Stop Loss Market order which sells at market price instead of limit price. In this order only stop loss trigger price requires to set.
If there is no SL-L or SL-M then there may be normal Stop Loss order in trading terminal.
Trailing SL: Trailing Stop Loss means if 1 stock bought at 100 and price goes up at 110 and decided to lock in profit at 105 then Sell SL-L order is placed with 105 as trigger price and 100 as order price so that minimum 5 profit is locked in case there is a drop in stock price from 110 to 105.
Ideally stop loss should be 2%.
All figures are for example purposes and it should be adjusted as per individual person's trading style.
Read more at: http://www.traderji.com/beginners-guide/68201-stop-loss-buy.html
Learn these type of basics via Google, wikipedia, youtube, manual, call broker, etc.
If stock is Bought then there should be Sell SL order.
If stock is Sold then there should be Buy SL order. If stock short sell done then don't forget to buy on the same day. F&O positional short sell can be done.
If 1 stock bought at 100 and decided that 98 should be SL then:
Sell SL-L (Stop Loss Limit) order can be placed with trigger price of 98 and order price of 93. Once market price comes at 98 then SL-L order gets triggered and sell order for 1 stock becomes active and 1 stock will be sold at available best bidding price (at 93 or above since 93 was set as order price in SL).
Sell SL-M order is Stop Loss Market order which sells at market price instead of limit price. In this order only stop loss trigger price requires to set.
If there is no SL-L or SL-M then there may be normal Stop Loss order in trading terminal.
Trailing SL: Trailing Stop Loss means if 1 stock bought at 100 and price goes up at 110 and decided to lock in profit at 105 then Sell SL-L order is placed with 105 as trigger price and 100 as order price so that minimum 5 profit is locked in case there is a drop in stock price from 110 to 105.
Ideally stop loss should be 2%.
All figures are for example purposes and it should be adjusted as per individual person's trading style.
Read more at: http://www.traderji.com/beginners-guide/68201-stop-loss-buy.html
Learn these type of basics via Google, wikipedia, youtube, manual, call broker, etc.
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