Comment on Option buying: The riskiest trade out there

Abhi commented on 22 Jan 2022, 05:36 PM

Whatever written is 100% correct, but is your system 100% capable or usable to minimise loss? Does your system allows to set stop loss in a number instead of percentage? It doesn’t. If I create one order which is not executed yet and want to change Target or SL, I have to cancel it and place it again, do you think it is meaningful? I have observed literally 100 of times, in quick move GTT SL gets triggered but order remains open as market moves downside faster… absolutely useless SL in this case… Why SL is considered as limit order and not market order? If I want to choose SL or Target get triggered with Market price once it reaches that point… zerodha doesn’t that flexibility… And believe for fast moves your GTT system makes more losses than investor expects… So GTT is only good for slow markets and useless for SL in fast moves… Need to enhance it more to make it user friendly….

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