Comment on Cover Orders - For Higher Leverage

Nithin Kamath commented on 07 Nov 2013, 03:12 AM

1. Your first point is fine,
Yes you can place a simultaneous sell cover order with a SL, but 2 things you need to note is that a. Cover orders only allow market orders b. if this is sold it will be like creating a fresh position, it would not be equal to exiting the position you already created.

2. At 3.20pm, the pending SL in order book is modified to market automatically and position squared off at market price around 3.20pm.


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