Dear frens,
I have a basic question on placing stop loss trigger. Suppose I bought 1 share at 100 rs for intraday. Now I know that I can not watch market for next couple of hours for that day, so I want to place the sell and step out. So I put a sell order at 105. At the same time I put a trigger price of 96 and stop loss price of 94. Having said my situation here are my questions:
1. If my sell order is executed at 105, do I still need to cancel my stop loss order (be it activated or not)
2 if my trigger order is activated and executed, do I need to cancel my original sell order?
3. If the answer for above two points are yes, then 3rd question will be say my sell order is executed at 105. And before I cancel the stop loss order the price has fallen drastically and stop loss can also get triggered and executed. What will happen this case?
Sry for long post. I searched many forums but I am not able to get the complete answer. Hope I get here...
I have a basic question on placing stop loss trigger. Suppose I bought 1 share at 100 rs for intraday. Now I know that I can not watch market for next couple of hours for that day, so I want to place the sell and step out. So I put a sell order at 105. At the same time I put a trigger price of 96 and stop loss price of 94. Having said my situation here are my questions:
1. If my sell order is executed at 105, do I still need to cancel my stop loss order (be it activated or not)
2 if my trigger order is activated and executed, do I need to cancel my original sell order?
3. If the answer for above two points are yes, then 3rd question will be say my sell order is executed at 105. And before I cancel the stop loss order the price has fallen drastically and stop loss can also get triggered and executed. What will happen this case?
Sry for long post. I searched many forums but I am not able to get the complete answer. Hope I get here...