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Using of stop loss...is not a reason of succsess.. It's how you use stop loss.
What happens is, we take Leverage pos and put SL acording to loss we can accept...or our account sustain or acording to Money management,
Stop loss is to be used for safty purpose. and pos to be exit when condition or price pattern which has caused you to enter in pos is fail or reverse signal generated.. it is BAD idea to wait for SL to get hit since it is used and hoping condition will reverse before price reach SL.
Hard SL is for unexpected worst..and mental SL is acording to signal generated. many trader fail in trap of Hopes...and wait till SL..during this wait period they ignore reversal signal. so proper exit is required ahead of SL.

This is good thread started on understanding various aspect of SL.
Thanks to Luckytrader.

Good luck
Ramdas

please tell meabout my buy script

ikftech @10.39qty 250 current price 6.90
facorallalloy 2.89 qty1000 current price 1.74
maikaal fiber @12.22qty 400 current price 4.65
if i hold or sold

Hey I am not an expert..
Well stop loss are mostly placed on intra day trading.

You must be using bank demat a/c;so you have to wait for three days.
In 5 paise or other broker; your purchased securities is deposited on the next day itself in ur a/c.

I got one more article regarding stop-loss

The Benefit of Stop Losses
By Zak Mir of Zaks-ta.com*

While traders are, of course, free to trade the financial markets in whatever fashion they please, there should be a guiding trading principle. This principle has to do with money management and human nature -- discipline is also involved. This may sound strange, but, if nothing else, the psychology of the markets is something that we should all be familiar with before we start trading.

The Blue Index advice tells us that every trade should have a 2% stop loss and a 3% target, something that is backed up by the well known stock market cliché that says you should run your profits and cut your losses.

Human nature comes into the equation in that, as most of us are aware, what we tend to do is to cut profits and run losses. Why this should be the case is a subject best left to another article, but, let it at least be said here that acknowledging this phenomenon allows us to deal with it.

What can be said with respect to running profits and cutting losses versus the “human nature” of doing the exact opposite? It is this: If you cut losses and run profits, it could very well be the case that, most of the time, you will have losing trades of, say, 2%, but, then, now and again, say, three times out of ten, there will be big winners. If managed properly, the 3% limit can be lifted to give a larger profit -- something you have to do periodically to bolster trading accounts.

Of course, this is the theory, something I am sure all of us would agree with before we start trading. It is also something all of us would like to put into practice when we are actually trading. The only problem is that very few people like to follow the running profits / cutting losses strategy.

The chief stumbling block is the taking of small losses. For some reason, many traders find small losses even more painful than large ones. Why this should be remains a mystery for the psychologists to solve, but, in the meantime, the reality is that a successful trading account -- one that is up from the original stake -- is most likely to be littered with more losing trades than winners.

In fact, with a 2% stop being a relatively tight one, there could easily be two or three consecutive losers before a big winner comes into play. This is perfectly normal and nothing to get depressed about or even blame on your advisory broker either!

Put simply, if you traded stocks or markets 10 times, there is only 1 trade out of that 10 that would probably be enough to destroy your account. To avoid being in this position, one that never goes in your favour and keeps going back, you must have stop losses on every position.

The difference between using stop losses and not using them is that, without them, you may be knocked out of the trading game.

Regards,
Luckytrader