Why Keep Stoploss: Investors or Traders

mahesh2007 · #11 17th June 2008, 01:29 PM

Quote:

Originally Posted by sudoku1

a trader without a stop is like a diver without oxygen....

....and a driver without sit-belt.

avijit_das · #12 17th June 2008, 03:41 PM

Quote:

Originally Posted by mahesh2007

....and a driver without sit-belt.

hum , we can also add without oxygen. sit- belt and break,

and so one thing is obvious --- accident,,, exmp (lots, including myself)

vijaybhaskar · #13 1st July 2008, 08:06 PM

Hello is anybody in the group operating with TTADV of 5paisa, can you please let me know how to place stop-loss orders as their manual isnt clear and they are not giving me correct response.
Thanks in advance
Vijay Bhaskar

ARMHM · #14 1st July 2008, 09:19 PM

Quote:

Originally Posted by vijaybhaskar

Hello is anybody in the group operating with TTADV of 5paisa, can you please let me know how to place stop-loss orders as their manual isnt clear and they are not giving me correct response.
Thanks in advance
Vijay Bhaskar

Usually stoploss is placed after you have made a trade. Suppose you bought xyz stock qty 100 at a price of 150 Rs. You anticpate that it will touch 170 or whatever your target is. It started going up steadily to say 151, 152, 153 and so on. But then it started moving sideways or downward. What you should do is place a stoploss order according to your risk appetite, say at 148 and limit price of 147. This way you limit your losses. Suppose the the stock comes down to 148, your stoploss get triggered and you lose a maximum of Rs. 3 per share.

vijaybhaskar · #15 8th July 2008, 10:06 PM

Thanks friend that was very clear and should help me a lot in placing stoploss order.

trader111 · #16 22nd July 2008, 12:52 AM

beginners have a tendency to hold loosing positions

sudoku1 · #17 22nd July 2008, 04:07 PM

a unique formula 2 calculate the stoploss.....

9*9+7=88
98*9+6=888
987*9+5=8888
9876*9+4= 88888
98765*9+3=888888

unique....isn't it ?