Comment on Zerodha-Fund withdrawal from Trading account

Venu commented on 19 Oct 2016, 04:11 PM

I suggest you go through the SL blog here: http://zerodha.com/z-connect/tradezerodha/zerodha-trader-software-version/stop-loss-orders-limit-market which explains how to place Stop loss orders in detail.

You can’t choose to place a limit entry order and an automatic SL order upon the execution of the Limit order. The only way for you is to place 2 orders separately:

1. Place a limit order to buy Zinc at 100 (Assuming the price it’s trading at is higher than 100)
2. Upon execution of the first buy order, place a SL order where the order type = SL-M, and the trigger price will be 90. The moment the stock hits 90, your sell order will get executed at market price. Please don’t place SL-M orders for illiquid contracts.

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