How to trail stoploss
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Do you want to know about the various strategies of trailing stoploss or you want to specifically know about the stoploss feature on the Upstox app?
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I want to know about the stop loss & even how to make profit too
A stop-loss order is an order placed to buy or sell a stock when it reaches a certain price. The stop-loss order is primarily meant to limit your loss on a stock that you have already purchased.
The price you mention in the stop-loss order is the highest risk (losses) that you are ready to take on that stock. It can be a limit order or a market order.
In order to place a stop loss order, follow these steps:
Step 1. To place a stop loss limit order you will need to select ‘SL Lmt’ in the order type section. You will also need to enter the ‘Price’ and the ‘Trigger price’ when you are placing this order.
Step 2. To place a stop loss market order you need to select ‘SL Mkt’ in the Order type section and enter the ‘Trigger price’.
Hope this helps!
this is very hard to explain over here regarding just profit. You have try yourself which type of trader you are !!!
For example I bought nifty Ce 25000 qty and put my stop loss at 15 rupees. After 30 mins strike price moved to 50 rupees. Now I want to trail stop loss to 40 rupees. I cannot go and change the stop loss in each and every sliced order. Because it’s more than 25+ orders created automatically.
For example I bought nifty Ce 25000 qty at 25 and put my stop loss at 15 rupees. After 30 mins strike price moved to 50 rupees. Now I want to trail stop loss to 40 rupees. I cannot go and change the stop loss in each and every sliced order. Because it’s more than 25+ orders created automatically.
A trailing stop loss order is a stop-loss order which allows traders to specify a limit on the maximum possible loss. It has an additional benefit where it continuously recalculates the stop-loss trigger price at a fixed price as per the LTP, based on the user-defined “trailing” value. So, as the stock price moves up, the stop-loss price will also move up maintaining the user-defined trailing value.
For example, a trader has bought a scrip @ ₹100. He places a trailing stop loss order @ ₹90 with a trailing gap of ₹10. If the stock price goes up to ₹110, the stop loss price will also recalculate itself to ₹ 100 maintain the trailing gap. So if the price moves further up to ₹130, the stop-loss price will become ₹120. But suppose the stock price starts falling to ₹125, the stop-loss price will remain @ ₹120. The trailing stop-loss orders will recalculate itself to maintain the trailing gap if the price moves in favour of the trader but will not recalculate in the event that the share price moves against the favour of the trader.
Please note that we are working on a Trailing Stop loss feature and it will be released to users by December end.
is the “Trailing Stop loss feature” on schedule?
Yes, it is on schedule.