Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 07 Feb 2013, 06:45 AM

No Ganesh, you cannot use SL orders to place as target orders.

For eg if you bought something at 100 and if you keep a sell Stop loss order with trigger at 103, your trigger will get initiated immediately as the present price is below 103. Your stop loss order will get executed at market price if it is SL-M or will go as limit price if it is SL. You rather use the sell order option with limit price than using this..

Cheers,

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