Comment on Stop Loss orders - Limit/Market

ethicaldeal commented on 21 Nov 2013, 01:42 PM

Hello Zerodha

This is regarding issues I faced with SL-M Buy order today:
1. I placed a SL-M Buy order for a stkfuture for trigger price 36.20, at the time I submitted it was trading at 35.80 range, as soon as I submitted the order got executed and I got the BUY done for 35.80 ! This is not what I had wanted to happen. What was the problem that happened here ?

2. Later in the day, I placed another Buy order (SL-M) for the stkfuture with trigger price 35.90 , at that time the it was at 36.20 and it got executed immediately. What was the problem that happened here ? This is a very dangerous situation for me and I am much concerned.

Please also answer the following queries (I require these for tomorrow’s trade):

1.
a. If a stock is trading at 100 but i want to buy it only when it reaches 102, then what order should i put ?

b. If I got the above BUY executed at 102 and I want to sell at 104 (and only at 104 not more) then what order should I put ?

2.

a. If a stock is trading at 100 but i want to buy it only when it reaches 98, then what order should i put ?

b. If I got the above BUY executed at 98 and I want to sell at 99 (and only at 99 not more) then what order should I put ?

3.

a. If a stock is trading at 100 but i want to short sell when it reaches 95, what order should i put so i get it at 95 only?

b. If I got the above short sell executed at 95 and I want to sell at 93 (and only at 93 not more) then what order should I put ?

4.
a. If a stock is trading at 100 but i want to short sell when it reaches 105, what order should i put so that i get it at 105 only ?

b. If I got the above short sell executed at 105 and I want to sell at 102 (and only at 102 not more) then what order should I put ?

Kindly assist me to resolve this situation, since if the basic BUY and SELL orders are a problem then it is an issue.

Thanks
EthicalDeal

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