Comment on Cover Orders - For Higher Leverage

Suriyakumar Jayabal commented on 02 Sep 2014, 05:00 PM

Hello Hanan,
Nice to talk to you.
I understand the last part u mentioned, but it is not at all allowing me to modify the order on the first hand. Let me explain

After logging in to trade.zerodha.com, I click Market Watch, and choose a share to place a cover order.

After placing the cover order, I open the Order Book which is next to Market Watch under “Trade” tab option.

After opening the Order Book I see say, my entry Buy Order which is complete and One Stop Loss Sell Order with trigger price which is pending.

When I choose the left most option button of SL-M Sell Order and Click the Label on Top Left most which says “Modify Order”, I get a message with OK button saying “Order with Product Type CO cannot be modified”

Even today, it is behaving in same manner as above. Anyhow I used the right most “Exit Cover Order” label today for most of my orders.

But please rectify this error. My id is DS3370.

P:S: Assuming I buy first and sell later, you comment says I cannot modify my sell order trigger above my Buy Price. Why is it so? If market price has moved substantially higher than my Buy Price, I would like to move the sell trigger to above my Buy Price (Ofcourse, below LTP), so that I will always end up in profits, even if stop loss is hit. Please answer.

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