Comment on Kite - publisher
commented on
22 Jul 2016, 08:14 PM
Check this post on stoploss orders. How it works is when the order is triggered a limit order is sent to the exchange. So if you have a trigger at 5 and limit at 5, when trigger is hit a limit selling is sent to exchange at 5. When price is dropping fast, this limit 5 can become a pending selling limit order. For guaranteed execution, it is best to place this limit at a much lesser price, say 4 in your case. So trigger hits at 5, a selling order at 4 is fired, this gets sold at the best available price in the market.