Comment on Cover Orders - For Higher Leverage

ethicaldeal commented on 06 Nov 2013, 09:45 PM

Dear Zerodha

I have 2 questions regarding COrders:

1. I placed a Buy Cover Order with a SL. The Buy is executed and then the price is still going up. At a certain point I decide to Sell, so I go to Order Book and click on SL and click on exit, this sells the stock at Market Price, so that is fine. Can I place a simultaneous Sell Cover Order with a SL right after (say after 2 -3 secs) placing the above Buy Cover Order with a SL?

2. If I place a Sell CO and a Short Sell is executed then if neither it goes further down and neither hits my Trigger price of the SL, then what happens at 3:20PM ?

Thanks in advance
Ethical Deal

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