Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 11 Nov 2014, 06:24 PM

If you use SL-L at 120 trigger and a limit price of 120.5, when the trigger is hit a buying order is sent with a limit price of 120.5 and since it is a limit order, there is a chance that the order can go pending if there is a big move in the market. But with SL-M when 120 trigger is hit, a market order is sent, so guaranteeing you a fill.

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