Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 22 Dec 2014, 02:40 PM

In a SL-M, with trigger price at 99: as soon as market goes to 99 or lower, a market order is sent to the exchanges to sell your long options. Since it is a market order, it will get sold at whatever price available in the market when your trigger is hit. Since it is a market order, there is no question of your order going pending or stopping.

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