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| Discuss How to put a stop loss on a long term investment at the Position Trading within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, I am using Sharekhan.com for trading. I know how to place a stop loss ... |
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#1
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Hi, I am using Sharekhan.com for trading. I know how to place a stop loss for day trading. But, if I have invested a stock for a long term period, is there a way to place a stop loss. Please advise. Thanks in advance. |
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#2
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currently med term invstrs need not worry till v trade abv 11145 http://www.traderji.com/position-tra...tml#post324058 |
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#3
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Do I need to keep checking the share price everyday or is it something that I can set from within my account. Please advise. Many thanks |
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#4
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alian1980 -- did you get the answer to this question? Even I have the same query as to placing a stop loss order that isn't restricted to day trading in sharekhan. Will appreciate if somebody can post the answer
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#5
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This means that any orders placed are automatically canceled by end of the trading day if not executed. Next day again fresh orders are to be placed. (Stop Loss, or any other orders. As this is the restriction imposed by SEBI, GTC orders are NOT allowed through shareKhan or any other broker dealing with Indian stocks through any stock Exchange. Now the solution lies in manually placing Stop Loss orders everyday (Repeat or modified, after trading hours if previous day's orders are not executed. If one has a good number of stocks, this is a very tedious manual process, but there is no other alternative. I wish that, after market hours, there should be provision to reactivate such Stop Loss orders canceled by the system on end of day. I also wish, we have a means by which we can place stop loss orders in bulk for stocks held by us through Excel sheet or by other means by a single click. Hope I made myself clear on this. I may not be 100% correct, and any knowledgeable members may supplement/ correct me. Regards. murthymsr |
| The Following 4 Users Say Thank You to murthymsr For This Useful Post: | ||
alroyraj (30th March 2010), Jaypeee (7th October 2009), pritamcnaik (29th June 2010), rmohan80 (27th September 2009) | ||
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#6
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One more, you can buy a put to hedge. For eg if you have a stock A @Rs 100 and would like to get out if it sinks below 75 , you could buy a 75 strike put and forget about it. |
| The Following User Says Thank You to Capricorn For This Useful Post: | ||
alroyraj (30th March 2010) | ||
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#7
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But it might be restricted to futures orders alone ! |
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#8
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Can you explain a bit more on this sir? Do I need to put more money to buy this strike put?
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#9
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put a MENTAL STOPLOSS ,which is stoploss to be put on daily basis. |
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#10
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It is better to avoid using such strategies. It involves more money/professional approach.
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| The Following User Says Thank You to rajeshn2007 For This Useful Post: | ||
rmohan80 (28th September 2009) | ||
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