What is the different between trigger price and stop loss trigger price?

Discussion in 'Day Trading' started by aha_anand, Aug 6, 2009.

  1. aha_anand

    aha_anand New Member

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    Dear All, Hi

    What is the different between trigger price and stop loss trigger price?

    Bye/Sell order form of Kotak KEAT there is field named trigger price and buy/sell form of www.kotaksecurities.com there I find a field named Stop Loss Trigger price. So I am very confused.

    Than I contact to help line but I got a non-cleared reply.

    The reply is:

    Stop Loss order can be placed while placing a fresh order as well as a square off order.

    Basics of Stop Loss Order: -

    Buy: Market Price < Trigger price < Order Price. (Trigger price entered should be greater than the market price)

    Sell: Market Price > Trigger price > Order Price. (Trigger price entered should be lesser than the market price)

    When the market hits the trigger price, the order is forwarded to the exchange and the same gets traded at a price between the Trigger price and the order price.

    Kotak web site and Kotak KEAT users please explain the topic with example


    Amit
     
  2. shyamprdn

    shyamprdn New Member

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    Hi All Folk,
    Its nice to be in this forum,frm where i could gather some valuable knowledge about the market.
    I too would like to know that , What does the trigger price actually is , is it the Stop loss price?
    kindly answer
     
  3. mshyam

    mshyam New Member

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    I also need help with the same query as aha_anand. Please help!
     
  4. trader.trends

    trader.trends Well-Known Member

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  5. esanjayplayer

    esanjayplayer New Member

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