Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 16 Mar 2015, 09:13 AM

Nilesh, in a SL your order is not active until the trigger price is hit. When the trigger is hit, the actual order goes live or sent to the exchange. In a SL (limit) it is a limit order and in SL-M it is market. So when the stock is dropping very fast from 100 to 90, as soon as the price hits 94.1 your SL limit order at 94 is sent to the exchange. But if the stock has already say dropped to 93 by then(market can move in fractions of second in times of volatility), then this order will remain pending.

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