Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 31 Dec 2012, 05:47 PM

@Sandip, your answers:

1.Yes once your buy/sell order is executed, you can modify/cancel the stop loss order.

2.You have to place two separate orders, one for sell and one for SL. The only thing you need to understand is that for the first order(either sell or SL) no margin is blocked as it is considered as an exit order. But the 2nd order, you will need to have sufficient margins. Yes as long as the order is pending, you can modify the SL order.

3. Similar to point 2.

4. Tr price is only for stop loss orders, price at which your order is sent to the exchange. It is as mentioned on the blog above.

5. Trailing SL is not automated, you will have to manually modify the SL. We will not be able to offer such a feature on retail terminals as this is considered automated trading and not allowed by exchanges to retail clients.

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