hi...how to place stop-loss sell order?????

chrea · #1 28th June 2009, 01:17 AM

Hi I have a basic question for Intraday. please help me

1.If CMP(Current Market Price) of a script say RNRL is 90 and I want to place a sell order for intraday such as I want to sell the share if it reaches at 88 Can anyone tell me how shall I place a sell order with stoploss.

2. Suppose incase the price go up.... with above order Now I want to place sell order at 95. and want to keep the stop loss @ 96

1) I WANT TO PLACE BOTH ORDER AT SAME TIME

PLZ HELP,

fast_rizwaan · #2 28th June 2009, 02:29 AM

You need to choose order-type from limit order (LO) to Stoploss (SL).

Stoploss requires THREE things. ONE is "SELL order" (press f2), TWO is Price (like limit order) THREE is Trigger price. When Market price equals trigger price, then Trigger is the thing which will execute your order at the specified price.

Order type: SL
Price: 88
Trigger: 88.5

When Price falls to 88.5, the stoploss is triggered and your shares will be sold at 88 (price)

Now, for your RNRL:
order type: SL
Price: 88
Trigger: 88

here when the market price reaches 88, exchange will sell the shares at 88. If number of buyers are less then your trade will not get executed, as someone has to buy at 88 for your shares to be sold.

If your Stoploss is not Triggered, then you can modify it in your order book (pending orders) you can change both exit price and trigger at 95.

raj_hpking · #3 3rd July 2009, 10:55 PM

Quote:

Originally Posted by fast_rizwaan

You need to choose order-type from limit order (LO) to Stoploss (SL).

Stoploss requires THREE things. ONE is "SELL order" (press f2), TWO is Price (like limit order) THREE is Trigger price. When Market price equals trigger price, then Trigger is the thing which will execute your order at the specified price.

Order type: SL
Price: 88
Trigger: 88.5

When Price falls to 88.5, the stoploss is triggered and your shares will be sold at 88 (price)

Now, for your RNRL:
order type: SL
Price: 88
Trigger: 88

here when the market price reaches 88, exchange will sell the shares at 88. If number of buyers are less then your trade will not get executed, as someone has to buy at 88 for your shares to be sold.

If your Stoploss is not Triggered, then you can modify it in your order book (pending orders) you can change both exit price and trigger at 95.

Hello,

I did not find this

order type: SL

Options in sharekhan,
There are only 3 options available
Buy
Sell
IntradaySell

There is nothing called SL. SO i really don't know how to add SL in sharekhan.

Regards,
Raj

fast_rizwaan · #4 4th July 2009, 02:37 AM

http://www.traderji.com/brokers-trad...tml#post319650

aswanichauhan · #5 4th July 2009, 11:52 AM

Hi Chera

this is question which has bothered me lot and when I learnt it it had saved me lot too

Let me explain you the stop loss order

Suppose I want to take intrady buy/sell in any scrip, my aim is to get profit and minimise the loss as minimum as possible and sometimes what happened we sway along the greed vicious cycle and do not sell when our stop loss(this is not mentioned or pre calculated by any trading software rather this is price at which you would like to book losses in case trade is against you)

Scenario 1: Suppose ACC is going up(as per your view) and you buy it around X Rs. per share now you are waiting that if price will rise to 5% or more you sell and it happenes and you sell around 5% profit that is your profit

Now Scenario 2: Suppose ACC is going up(as per your view) and you buy it around X Rs. per share now you are waiting that if price will rise to 5% or more you sell and it DID NOT happened and it start falling so how will you protect your self, suppose maximum you can take 1% risk so you sell it X- 1%(of X) and book the LOSS

Very simple HUH.... let suppose you forget or due to some other reason you could not sell it around 1% loss and ACC plummeted to 10% in that case you have to book the loss of 10% so by GOD's grace we have STOP LOSS Sell order(It just the name nothing special) to use it you will have two trade(I use PIB so I'll be able to give example as per that)

1 Trade: As per scenario my purchase of 100 share at Rs. X per share and my
2 Trade(STOP LOSS SELL ORDER, note only name nothing technical about it)
=========
SELL Order
=========
Scrip: ACC
QTY: 100
Price: X-1%(of X):::: Please replace the X with actual price
STOP LOSS or Trigger Price: X - 0.8%(X)

Thats it how it works, you must search the google for that but simply when the price of ACC which is against you trade falling touch the Trigger price/ SL (Stop Loss) you second trade will automatically activated and your trading platform automatically sell the ACC between Trigger Price/SL and Price(X-1%(of X))

Cheers

Aswani Chauhan

raj_hpking · #6 4th July 2009, 12:49 PM

Quote:

Originally Posted by fast_rizwaan

http://www.traderji.com/brokers-trad...tml#post319650

Hello Rizwaan Ji,

Many many thanks to you.

One thing is clear u can not add SL in sharekhan site you have to download their software called Trade Tiger.

I haven't downloaded yet and not tried SL myself. But now going to download that. and will try to use it. Hope so.

Thanks for your all help.

Regards,
Raj