Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 12 Jun 2013, 09:34 AM

With an SLM, as long as the price is below the trigger in case of selling and greater than trigger for buying, your order will get executed at the market price available.

In your example when you placed SLM when market opened at 11600, it will get executed at 11600..

In case of just a SL, a limit order is sent to sell at 11796, if the price is above this it will get executed and if below it will go pending..

Preferably use SLM all the time..

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