Comment on Introducing GTT – Good Till Triggered orders
commented on
20 Feb 2021, 12:03 PM
Dear CEO Mr. Nitin,
Thank you so much for this. I stared using recently for buying options. now I’m able to control my losses by machine and sentiments, emotions are not in picture. I need to decide only how much loss i can bear. Usually the options returns are much more if losses have been taken care. I made great losses due to emotions. Thank you.
One Question-
Generally I do trade for intraday. and successful in closing positive, But if I carry forward an bought option for next day. and market gap opens in other direction then how SL trigger will act.
For example I purchased Nifty option at 100 with stop loss of 5% . i.e if option value hits 95 SL will trigger but what if on next day option price hits 90 or less at open on next day will SL trigger as it is set to 95? or it will wait for option price to hit back 95. If it is so then I wouldn’t venture to carry forward option as it may never hit.
Seek your advice.
and Thank you again for featuring this.