FYERS

[Tejas Khoday]

You could include what Psychological Transformations the person must have gone through, or how much emotional quotient is required for remaining profitable

How can we include this in the certificate? I don't think it's practical.

 

[Tejas Khoday]

Thanks for the response. New features are nice to see. One feature I want is already in this new update.

You're welcome. Hope you find the features useful.

 

[tryszu]

@Tejas Khoday @FYERS_Team
Hi,
When I place stop limit bracket order, it got executed on the stop price, t did not execute at limit price. Is this how it is supposed to work? Please explain this

Yes. I am following up with an example for better understanding. Assume you want to buy the stock X once it reaches 500 in which case you place a BO with a STOP PRICE at 500 which is the trigger price and LIMIT PRICE at 501 which simply means you are NOT willing to pay more than 501 hence your LIMIT. So when the CMP hits 500 your order is triggered and depending on how large a position you are trading and the liquidity of the scrip, your order can get filled at 500 itself or 500.05, 500.10 etc but it will not trade beyond 501 since that is the LIMIT you set.

 

[Tejas Khoday]

@Tejas Khoday @FYERS_Team
Hi,
When I place stop limit bracket order, it got executed on the stop price, t did not execute at limit price. Is this how it is supposed to work? Please explain this

Hello @Prashant2810, Seems like you are new to trading. There are 2 types of Stop Loss Orders:

• Stop Loss - Market (SL-M) - In this case, when the price reaches the Stop Loss price, the stop loss will be executed at the prevailing market price.
  
  
• Stop Loss - Limit (SL-L) - When the price reaches the Stop Loss price, the stop loss will be executed within or at the limit price only. For example, if you place a stop loss with at 100 and SL limit price at 99, the order will get traded only if there are bid/asks at that price. Otherwise, the order will remain pending. In reality, it can be risky if the limit price is too narrow and the order does not get traded because there were no bid/asks at the specified SL-L price and you can end up in more losses than you initially planned.

 

[sumosanammain]

How can we include this in the certificate? I don't think it's practical.

It was just a quote yaar, just trying to Highlight the the fact that its easy to be profitable, but difficult to remain profitable. Dont take it literally

 

[Prashant2810]

Yes. I am following up with an example for better understanding. Assume you want to buy the stock X once it reaches 500 in which case you place a BO with a STOP PRICE at 500 which is the trigger price and LIMIT PRICE at 501 which simply means you are NOT willing to pay more than 501 hence your LIMIT. So when the CMP hits 500 your order is triggered and depending on how large a position you are trading and the liquidity of the scrip, your order can get filled at 500 itself or 500.05, 500.10 etc but it will not trade beyond 501 since that is the LIMIT you set.

Thanks..

 

[Prashant2810]

Hello @Prashant2810, Seems like you are new to trading. There are 2 types of Stop Loss Orders:

• Stop Loss - Market (SL-M) - In this case, when the price reaches the Stop Loss price, the stop loss will be executed at the prevailing market price.
  
  
• Stop Loss - Limit (SL-L) - When the price reaches the Stop Loss price, the stop loss will be executed within or at the limit price only. For example, if you place a stop loss with at 100 and SL limit price at 99, the order will get traded only if there are bid/asks at that price. Otherwise, the order will remain pending. In reality, it can be risky if the limit price is too narrow and the order does not get traded because there were no bid/asks at the specified SL-L price and you can end up in more losses than you initially planned.

Yes, it has been just 1 year into trading and 2 months ago opened account with fyers. I just got confused with bracket order( stop loss limit) because in Zerodha when we place BO stop price and limit can be same. But here in fyers limit price should be higher than stop price in Bracket order. Now confusion resolves. Thanks a lot.

 

[Tejas Khoday]

It was just a quote yaar, just trying to Highlight the the fact that its easy to be profitable, but difficult to remain profitable. Dont take it literally

I thought it was a suggestion

 

[Tejas Khoday]

Latest from our blog, Brainstorm: All About Margin Shortfall And Penalties

 

[Srinivas I]

Hi FYERS, thanks for introducing corporate action in the web. It's really useful that I don't have to login to FYERS one for that all the time.