help needed:D

avad

avad

Well-Known Member
#1
#1
friends i am currently using NSE NOW to trade but i am just using the market orders to buy and sell and vice versa.

The main reson is that i am a bit afraid abt the price jumping and my order not getting executed. Is my worry valid ?because in the last couple of months i have observed that entering the market prices cause considerable slippage costs to me.

If it is not can someone plz explain the function of various orders such as---

LIMIT
MARKET(i think i know this one)
SL
SL-M
and how to use them?

Suppose if i want to short a stock at 100 keeping SL at 98 and tgt at 105 how do i do it?

plz explian in laymans terms as i am not tht good with computers.:D
 
timepass

timepass

Moderator
#2
#2
If you run after the price, you'll lose. Since your trades are based on solid TA, you place a LIMIT order and wait for the price to come to it. If not, forget it, some other trade - this one wasn't meant for you.

If the trade gets executed, and you have confidence in your TA and are watching the terminal continuously, place an order for your target price. Our problem here is that we can't place both target and SL order in one go.
 
avad

avad

Well-Known Member
#3
#3
timepass said:
If you run after the price, you'll lose. Since your trades are based on solid TA, you place a LIMIT order and wait for the price to come to it. If not, forget it, some other trade - this one wasn't meant for you.

If the trade gets executed, and you have confidence in your TA and are watching the terminal continuously, place an order for your target price. Our problem here is that we can't place both target and SL order in one go.
Click to expand...
so supposing i want to short a stock at 100 which is now at 102 i must place a limit order at 100?

Then the short will take place when the price reaches 100..right?
 
timepass

timepass

Moderator
#4
#4
avad said:
so supposing i want to short a stock at 100 which is now at 102 i must place a limit order at 100?

Then the short will take place when the price reaches 100..right?
Click to expand...
Right. That would be a "sell below" order.
 
avad

avad

Well-Known Member
#5
#5
TP---today i used the limit order but the order got executed before the price arrived to what i had entered. How come??? i am confused
 
S

sayantan2u9

Active Member
#6
#6
when the price is the 102 n u want to sell at 100
then place SL-L order with a trigger at 100 and limit order at lets say 99.90

now your order will get executed at the best price , so either 100 or 99.95 or 99.90

now if u put SL-M (M-market) then the order will get executed at either 100 or wherever the next buyer is (lets say 99.8) then your order will get executed at 99.8

i guess u know limit order , if u want to buy at 100 n the price is at 105 , the ur order will get executed if the price comes to 100
 
timepass

timepass

Moderator
#7
#7
avad said:
TP---today i used the limit order but the order got executed before the price arrived to what i had entered. How come??? i am confused
Click to expand...
There is something about "Price" and "Trigger Price".. You have to enter both. I think that for sell, the trigger price is to be slightly lower than price... ask your RM for clarification.
 
S

sayantan2u9

Active Member
#8
#8
avad said:
Suppose if i want to short a stock at 100 keeping SL at 98 and tgt at 105 how do i do it?

plz explian in laymans terms as i am not tht good with computers.:D
Click to expand...

i think your mistakenly asked the wrong question
i think u meant if u buy a stock

the answer is : 1. buy with limit or market 100 or even use SL-L with trigger at 100 n limit price also at 100
2.place a sell SL-L at with a trigger at 98 n price at 97.95
or place sell SL.M at 98
3.place a limit order for SELL at 105
 
P

Phillip

New Member
#9
#9
avad said:
friends i am currently using NSE NOW to trade but i am just using the market orders to buy and sell and vice versa.

The main reson is that i am a bit afraid abt the price jumping and my order not getting executed. Is my worry valid ?because in the last couple of months i have observed that entering the market prices cause considerable slippage costs to me.

If it is not can someone plz explain the function of various orders such as---

LIMIT
MARKET(i think i know this one)
SL
SL-M
and how to use them?

Suppose if i want to short a stock at 100 keeping SL at 98 and tgt at 105 how do i do it?

plz explian in laymans terms as i am not tht good with computers.:D
Click to expand...

Hi ,

Pls call me 9980669361 i can help u
 
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