Traderji.com - Discussion forum for Stocks Commodities & Forex

Validity of Stop Loss

Discuss Validity of Stop Loss at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dear All, I am highly concerned about what I just now came to know about ...


Go Back   Traderji.com - Discussion forum for Stocks Commodities & Forex > TOOLS & RESOURCES > Brokers & Demat Matters

Notices

Brokers & Demat Matters Talk about brokers, share transfers, demat matters and depository participant service providers.


Advertise Here

Reply
 
Thread Tools
Sponsored Links
  #1  
Old 29th September 2008, 12:11 PM
Member
 
Join Date: Mar 2008
Posts: 84
Thanks: 38
Thanked 19 Times in 13 Posts
AceX is on a distinguished road
Reputation: 29
Unhappy Validity of Stop Loss

Dear All,

I am highly concerned about what I just now came to know about stop loss, and would like to confirm it.

What is the validity of a stop loss, if I add one today. Will it stay tomorrow, day after tomorrow and so on?

If not[this is what I came to know just now], then how can we limit our losses on days when we are not sitting in front of a terminal

Lastly, if indeed your broker allows stop loss to stay for days at end[technically till the event is triggerred], then please name your broker

Thanks in advance
Reply With Quote
Sponsored Links
  #2  
Old 29th September 2008, 05:44 PM
Member
 
Join Date: Mar 2008
Location: Hyderabad
Posts: 1,117
Blog Entries: 1
Thanks: 841
Thanked 404 Times in 241 Posts
columbus is just really nicecolumbus is just really nicecolumbus is just really nicecolumbus is just really nicecolumbus is just really nice
Reputation: 433
Default Re: Validity of Stop Loss

Quote:
Originally Posted by AceX View Post
Dear All,

I am highly concerned about what I just now came to know about stop loss, and would like to confirm it.

What is the validity of a stop loss, if I add one today. Will it stay tomorrow, day after tomorrow and so on?

If not[this is what I came to know just now], then how can we limit our losses on days when we are not sitting in front of a terminal

Lastly, if indeed your broker allows stop loss to stay for days at end[technically till the event is triggerred], then please name your broker

Thanks in advance
All our orders are GFD (Good For Day) orders.We need to place new buy/sell orders with stoploss AFRESH tomorrow.
Reply With Quote
The Following User Says Thank You to columbus For This Useful Post:
AceX (30th September 2008)
  #3  
Old 29th September 2008, 10:08 PM
Member
 
Join Date: Feb 2007
Posts: 108
Thanks: 215
Thanked 64 Times in 30 Posts
Reji will become famous soon enough
Reputation: 84
Default Re: Validity of Stop Loss

Quote:
Originally Posted by columbus View Post
All our orders are GFD (Good For Day) orders.We need to place new buy/sell orders with stoploss AFRESH tomorrow.
Hi Columbus

Can someone place stoploss order after market hours {I mean offline order before market opens}?


Regards

Reji
Reply With Quote
  #4  
Old 29th September 2008, 10:30 PM
Member
 
Join Date: Mar 2008
Location: Hyderabad
Posts: 1,117
Blog Entries: 1
Thanks: 841
Thanked 404 Times in 241 Posts
columbus is just really nicecolumbus is just really nicecolumbus is just really nicecolumbus is just really nicecolumbus is just really nice
Reputation: 433
Default Re: Validity of Stop Loss

Quote:
Originally Posted by reji View Post
Hi Columbus

Can someone place stoploss order after market hours {I mean offline order before market opens}?


Regards

Reji
Hi REji,

The meaning of Aftermarket Hour (AH) order is -to place orders for next day.GFD orders hold good here also. (plus or minus some range of CLOSING price as stoploss).
Reply With Quote
The Following User Says Thank You to columbus For This Useful Post:
Reji (30th September 2008)
  #5  
Old 30th September 2008, 12:20 AM
Member
 
Join Date: Jan 2007
Posts: 468
Thanks: 193
Thanked 346 Times in 146 Posts
AW10 is just really niceAW10 is just really niceAW10 is just really niceAW10 is just really nice
Reputation: 376
Default Re: Validity of Stop Loss

Quote:
Originally Posted by reji View Post
Hi Columbus

Can someone place stoploss order after market hours {I mean offline order before market opens}?


Regards

Reji
Some brokers offering "after hour" order placement facility have this option. I know of ICICIDirect and Sharekhan and they do allow you to place orders in the night for tomorrow.

Still keep in mind -placing stop loss order still carry the risk of gap down open. So if market does not trade at your STOP price, then your order will remain open.

Happy Trading.
Reply With Quote
The Following 2 Users Say Thank You to AW10 For This Useful Post:
AceX (30th September 2008), Reji (30th September 2008)
  #6  
Old 30th September 2008, 08:41 PM
Member
 
Join Date: Mar 2008
Posts: 84
Thanks: 38
Thanked 19 Times in 13 Posts
AceX is on a distinguished road
Reputation: 29
Default Re: Validity of Stop Loss

Dear All,

But if thats the case, then is it not possible to manage it when you are in a vacation?

I mean, for Western countries traders do it like that, dont we have any otherway?
Reply With Quote
  #7  
Old 30th September 2008, 08:45 PM
Member
 
Join Date: Mar 2008
Location: Hyderabad
Posts: 1,117
Blog Entries: 1
Thanks: 841
Thanked 404 Times in 241 Posts
columbus is just really nicecolumbus is just really nicecolumbus is just really nicecolumbus is just really nicecolumbus is just really nice
Reputation: 433
Default Re: Validity of Stop Loss

Quote:
Originally Posted by AceX View Post
Dear All,

But if thats the case, then is it not possible to manage it when you are in a vacation?

I mean, for Western countries traders do it like that, dont we have any otherway?

It is possible if your broker allows you tele-trading. (Orders by phone)
Reply With Quote
The Following User Says Thank You to columbus For This Useful Post:
AceX (1st October 2008)
  #8  
Old 30th September 2008, 08:47 PM
Member
 
Join Date: Mar 2008
Location: Hyderabad
Posts: 1,117
Blog Entries: 1
Thanks: 841
Thanked 404 Times in 241 Posts
columbus is just really nicecolumbus is just really nicecolumbus is just really nicecolumbus is just really nicecolumbus is just really nice
Reputation: 433
Default Re: Validity of Stop Loss

Quote:
Originally Posted by AW10 View Post
Some brokers offering "after hour" order placement facility have this option. I know of ICICIDirect and Sharekhan and they do allow you to place orders in the night for tomorrow.

Still keep in mind -placing stop loss order still carry the risk of gap down open. So if market does not trade at your STOP price, then your order will remain open.

Happy Trading.
It in not advisable to do AH trading ,better to move with TREND.
Reply With Quote
Sponsored Links

Reply

Bookmarks

Tags
brokers, stop loss


Advertise Here


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +5.5. The time now is 05:31 AM.

Indemnity, Disclaimer & Disclosure Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum Rules Disclaimer & Disclosure and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Copyright © 2001 - 2009, Traderji.com All Rights Reserved.

Recommended Websites - www.TradersEdgeIndia.com - www.TradingPicks.com - www.MasterOfTrading.com