I have few basic questions related to trading
1. Lets say the CMP of a company A is 60. Can I buy 1000 shares in such a way that when it reaches 50, it should be sold automatically and when it reaches 90, it should be sold automatically too. (I guess both things can be achieved using stop-loss?)
2. Consider a similar scenario but with little modification. I buy 1000@60 and what I want is that if it reaches 50, it should be sold. But in case of high point till it keeps on increasing, I wont sell it and the moment it reaches the highest point and starts decreasing, I sell it. For instance it reaches from 60 to 90 to 125 and then starts decreasing to x=120(and eventually to may be 90/80/50). Can I put my stop loss point at this 'x' which is variable(This x is actually 5 points below the highest point which is achieved after crossing '90')
Is this thing achievable using any of the trading account interface or any other way(robots?)
Thanks in anticipation for the responses!
1. Lets say the CMP of a company A is 60. Can I buy 1000 shares in such a way that when it reaches 50, it should be sold automatically and when it reaches 90, it should be sold automatically too. (I guess both things can be achieved using stop-loss?)
2. Consider a similar scenario but with little modification. I buy 1000@60 and what I want is that if it reaches 50, it should be sold. But in case of high point till it keeps on increasing, I wont sell it and the moment it reaches the highest point and starts decreasing, I sell it. For instance it reaches from 60 to 90 to 125 and then starts decreasing to x=120(and eventually to may be 90/80/50). Can I put my stop loss point at this 'x' which is variable(This x is actually 5 points below the highest point which is achieved after crossing '90')
Is this thing achievable using any of the trading account interface or any other way(robots?)
Thanks in anticipation for the responses!