Comment on Stop Loss orders - Limit/Market

Hanan commented on 09 Oct 2014, 07:41 PM

Well, this is because you had placed a SL-M order. This usually happens if there is lesser liquidity on a particular scrip and there are no counter parties at the price you saw. On the screen you’d have seen 205 and placed a SL-M, but the actual seller was available only for 208.1. I would suggest you place a SL-Limit order to avoid such variance in price.

Check this out on Trading Q&A.

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