Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 06 Mar 2014, 07:44 PM

Also, it remains the same immaterial of what you trade, equity, futures options, commodities, or currency. The same rule above applies.

Trailing stop loss is basically if you have bought at 1487, and LTP is 1495, you place a SL at 1490 so that in case the stock starts going down you get out at 1490. If the LTP is now 1500, you change your SL from 1490 to 1495, this is called as trailing a stop. Presently it has to be done manually, but we will soon be launching a new order type, where it can be done automatically.

Cheers,

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