Comment on Cover Orders - For Higher Leverage

Nithin Kamath commented on 29 Jun 2013, 03:03 PM

SL/SL-M and cover orders are not the same.

In a cover order you are buying at market price and putting SL-M at the same time. You are enforced to put the SL-M and hence the margin requirement drops.

When you have bought/sold, you can manually put SL/SL-M using F1/F2 window to stop loss.


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