Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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When a certain high is broken, the price is likely to go up and vice versa.
So, instead of waiting for the price high (or low) to be taken out and then chase the
price for a "comfortable" buy (or sell), why not place a limit order? I don't think that
it is out of confusion alone that people place limit orders. It could be out of
conviction, and for the purpose of comfort (no need to chase the price)
also.
May be this is the other side of the coin?
So, instead of waiting for the price high (or low) to be taken out and then chase the
price for a "comfortable" buy (or sell), why not place a limit order? I don't think that
it is out of confusion alone that people place limit orders. It could be out of
conviction, and for the purpose of comfort (no need to chase the price)
also.
May be this is the other side of the coin?
to buy if price breaks a high, you will place SL order...
Example: if price is at 100 now, and you want to buy if price crosses 101, you will place a SL order with trigger price 101 and price 101.1 or 101.2
Or you can place an SL-M order with trigger price 101.
example of limit order:
if price is at 100 and you want to short sell if price reaches 101, you will place a limit sell order at 101.
if price is at 100 and you want to buy if price falls to 99, then you will place a limit buy order at 99.
if price is at 100 and you place a limit buy order for 101, trade will be executed at current market price (100).
if price is at 100 and you place a limit sell order for 99, trade will be executed at current market price (100)
so, essentially, when you are placing limit orders, you are predicting that market will turn direction from that price point... i.e picking tops and bottoms...
or are you guys collectively calling limit orders, SL orders and SL-M orders as limit orders?
Example: if price is at 100 now, and you want to buy if price crosses 101, you will place a SL order with trigger price 101 and price 101.1 or 101.2
Or you can place an SL-M order with trigger price 101.
example of limit order:
if price is at 100 and you want to short sell if price reaches 101, you will place a limit sell order at 101.
if price is at 100 and you want to buy if price falls to 99, then you will place a limit buy order at 99.
if price is at 100 and you place a limit buy order for 101, trade will be executed at current market price (100).
if price is at 100 and you place a limit sell order for 99, trade will be executed at current market price (100)
so, essentially, when you are placing limit orders, you are predicting that market will turn direction from that price point... i.e picking tops and bottoms...
or are you guys collectively calling limit orders, SL orders and SL-M orders as limit orders?
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Hi Murthy,
As I said, it is my personal view only....Whatever little I have traded in my life, everytime I have waited for the market to come down from a breakout to buy, the price either never came back to my price or I caught it on the way down....
Different ways to look, but in the market what is uncomfortable to do is most probably right!!!!
As I said, it is my personal view only....Whatever little I have traded in my life, everytime I have waited for the market to come down from a breakout to buy, the price either never came back to my price or I caught it on the way down....
Different ways to look, but in the market what is uncomfortable to do is most probably right!!!!
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