Comment on Stop Loss orders - Limit/Market

sharekumar commented on 10 Aug 2013, 10:03 AM

Hi,

I was very confused regarding Stop Loss Orders. I have read all content of this page and now I am well aware of Stop Loss Order.

But there is one Question in my mind.

For example,

I Buy XYZ Stock @ Rs.100 and for safe side I put Sell Order In Stop Loss in Market Price Mode @ Rs.97

Now Stock Price moves in my favour and LTP is Rs.106. I am still expecting that price of this Stock will go up ferther at Rs.110.

But I do not want to Loss my initial profit / winning situation. So I Modify My previous Stop Loss Order and Put Price Rs.105 instead of Rs.97

So My Qestion is Above mentioned my Technique Possible. And If this Technique is Possible then My Strategy is Right or Wrong ?

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