Comment on Cover Orders - For Higher Leverage

nehaagarwal1 commented on 19 Sep 2013, 12:36 PM

hi,

When I buy a cover order, the stop loss is fixed at 5.35% and not 1.5% as written in the article.

Whenever I buy a cover order for a stock whose price is increasing very quickly, the trigger range changes and a window pops out telling I cant buy the stock as the trigger price is not within the trigger range and then I have to change that trigger price. Now what happens is that by that time the stock further rises.

My question is how do I immediately buy a cover order for a stock whose price is increasing rapidly?

If the answer is that it is not possible then at least zerodha can make that 5.35% editable by the user, so that the user can keep that at 4.35% always and then the window would not pop out.

Also when a person clicks to buy a cover order, then he should be able to keep several windows open for buying different cover orders. However the thing is that only one window opens up and if the person clicks to buy another cover order then the first window gets replaced.

Thanks

View the full comment thread »