The most important aspect of CO is that the stop loss has to be executed.
Assume that you have taken a position on CO and stock hits circuit against you in a jiffy, what happens to the SL then? It becomes pending and hence is of no use.
One of the reason for not having CO for stocks which have circuits, all f&O stocks have no circuits and hence we have CO on them.
About unlimited exposure, hmm extreme Leverage is what kills a trader, Brokerage, Financial insitution, Government ,
I might have vested interest in saying but still, stay away from extreme leverage as much as possible and stay away from brokerages who provide such facility...
Assume that you have taken a position on CO and stock hits circuit against you in a jiffy, what happens to the SL then? It becomes pending and hence is of no use.
One of the reason for not having CO for stocks which have circuits, all f&O stocks have no circuits and hence we have CO on them.
About unlimited exposure, hmm extreme Leverage is what kills a trader, Brokerage, Financial insitution, Government ,
I might have vested interest in saying but still, stay away from extreme leverage as much as possible and stay away from brokerages who provide such facility...