Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 22 Aug 2013, 03:57 AM

Anant, you cannot enter and put a SL in the same order, it has to be 2 different orders.

1. So for buying, use limit order and buy at Rs 300

2. Once bought, keep a selling SL-M order with a trigger price of 295.

3. When markets go up, go to order book and modify the trigger price of the pending SLM to say 303.

And this would be a correct way of trailing manually and yes it will get executed if market comes down to 303.

Cheers,

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