What is stop loss order and how to place it?
It is used as a tool to minimise losses on a position. You may
use this type of order when, for example, you have bought a particular stock at
Rs 1000. You can afford losses only up to Rs.950. Instead of seeing market
continuously and check price you can limit such a loss by placing a Stop Loss
order. Place order @ Rs. 950 as your Trigger Price and Rs. 945 as the Limit
Price. The order of Rs. 945 gets a trigger when price falls to Rs. 950.
Trigger Price: It is the price at which the exchange servers
will make you Buy/Sell order active for execution. After the stop loss is
triggered, Limit Price is the price at which your shares will be bought or
sold.
For a ‘Buy’ Stop Loss order, the Trigger Price will be
lower than the Limit Price.
For a ‘Sell’ Stop Loss order, the Trigger Price will be higher
than the Limit Price
Note: You can place the order in stop loss as many times you want
and modify if required. However, if the stop loss is triggered and partially
executed, then you will not be able to modify the same.
To place order in stop loss, following are the ways:
Limit Price: Limit price is the price at which shares are bought
or sold.
For a Stop Loss Order, you need to change the order type from RL
(Regular) to SL (Stop Loss) on the order entry screen. You will also have to
mention Trigger Price & Limit Price.
Website Platform:
Login to www.5paisa.com >> Click on Scrip >> Click on Buy/Sell >>
Advance Buy/Sell >> In Order Type, Select Stop Loss Mobile Platform:
Login to our 5paisa Mobile App >> Click on Scrip >>
Click on Buy/Sell >> Advanced >> In Order Type, Select Stop LossRelated Articles
How do I place Buy VTT order with Stop loss and target?
Buy VTT with Stop-loss and Target: Allowed in equity and FNO segment (Delivery Trade) Consider the example in the below image below: In this example, If the trigger price of 2700 is hit on the exchange, a limit buy order at 2700 is placed. This order ...How do I place sell VTT order with Stop loss and target?
Sell VTT is used to exit current stock holdings or short selling the future and Options contract. Consider the example in the image below: In this example, If the trigger price of 1650 is hit on the exchange, a limit buy order at 1650 is placed. This ...How do I place sell VTT order?
Sell VTT is used to exit current stock holdings or selling FNO contract Consider the example in the image below: In this example, If the trigger price of 1680 is hit on the exchange, a limit sell order at 1680 is placed. This order will be executed ...What are bracket, cover and makret order and how to place the order for the same?
Bracket Order 5paisa provides bracket order wherein customer can take an intraday position and take an advantage of extra exposure while being protected through stop loss order and a profit objective. To place an order, please follow the below path: ...Types of order and its validity
Types of Order: Limit Order: A limit order is an order to buy / sell a stock at a specific price. Example, if you want to buy shares of Wipro which is trading at Rs 295, but you do not want to pay more than Rs.280 for it, you can place a limit order ...