how to put stop loss

Hello to all,

I am new to this forum and just joined. I just want to know how we put stop loss. For me there are three types of order buy, sell and stop loss. Now if I want to put stop loss how I should do it. For example I put 100 rs order for buying and 110 for sale. Now imagine that the prices have reached to 109 and I am seeing that the market can go up so I change my sell price to 120 and put the stop loss of 100 or 102 so that I may not lose a single penny if the market goes down and come out at least with some profit or without any loss.

Now I also get confused how to put it. In stop loss order I find three places first for market price which is already written according to present price. But what about second and the last window of trigger price. What I should fill in the second window and what in the last of trigger price.

Please let me know.

Stop loss order can be given only when selling share , so if you to sell a share at particular limit you have to give stop , the last tab in your sell window

Avinash

After you have bought at 100 and you want to sell it either at 110 or 98, it it is for intraday and you have sufficient margin in your account you can punch in two sell orders

1. Sell @ 110
2. Sell @ market/(or a limit price<98) Trigger Price 98.

If the current price reaches 109 and you fell it can go to 120 and don't want to sell at 110, then you can modify
1. Sell @ 120
2. Sell @ market/(or a limit price<102) Trigger Price at 102. Now if the market tanks your second order will get triggered if the price touches 102 thus preventing your losses. This is trailing your stops.

One precaution you have to ensure is to cancel either 1 or 2 when one of them gets executed. This is possible with intraday orders.