Comment on Cover Orders - For Higher Leverage

Kaushal commented on 16 Nov 2014, 12:49 PM

I like the blogs, and since there is so much information here…I am not sure if I missed answer to my query:

I wanted to know, if I open a buy CO e.g 1 lot of “stock A” at 100 and SL is 98. Now after a while I want to ensure, where the price hits 104 my position should be squared (BO has the square option); How do I achieve it, as order type has to be same. will it work fine if i create another CO e.g. Sell 1 lot of “Stock A” as limit for 104 and keep stop loss as max as possible. Will this square off my position of create another one.

or is there another way to achieve this.

Also while using BO, can I modify profit target or that is one time.

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