Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 08 Feb 2013, 12:19 PM

You are correct till placing a sell order with limit price @115..

If a stock is trading at 95 and you place a sell order to sell it at 90, it will get sold immediately.. This is the reason why you have SL order..

In the drop down where there is limit/market, you can also see SL/SL-M options.. Choose the SL-M option and put a trigger price of 90.. So now what happens is that this order is sent to the exchange only when the trigger price is hit..

Hopefully this clarifies, try a few times on very small volume of shares, you will get a hang of it

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