How to trail stoploss

How to trail stoploss

2 Likes

Hi @Nirbhay_Deore,

Welcome to the Upstox community!

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?

Let us know, so that we can help you accordingly:)

I want to know about the stop loss & even how to make profit too

Hi @Vamsi_Kiran,

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!

1 Like

this is very hard to explain over here regarding just profit. You have try yourself which type of trader you are !!!

Hello,

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.
[/quote]

Hi,

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?

Hi @rutayani.manash.das,

Yes, it is on schedule.

Can you let me know the planned release date of this trailing SL feature? Ive booked my profits in zerodha and waiting to see the trailing SL feature in upstox before moving my funds

Hi @Srinivasa_M,

This feature is currently in the testing stages and we are estimating that by mid January it would be available to all our Android users. We will announce it once it rolls out, thanks for your patience.

Hi I just wanted to know , would Trailing stop loss works for delivery order. e.g. i have bought certain stage and sitting on profit , i just want the position will get auto sell if it start slip more than 10% as i can’t be available all the time to see the price movement in my portfolio …prompt response would be highly appreciated.

Hey @Dharmendra_Vaishya,

Trailing stop loss is applicable to both GTT buy and sell orders for delivery. Simply follow the steps outlined here: How can you place a GTT order with a Trailing Stop-loss leg? - Upstox Help Center. Feel free to reach out if you encounter any issues. Thanks.

January has ended too. Is the feature there and how to use it

Hey @Saurav_Garg,

GTT Trailing stop loss is out on Android. Simply follow the steps outlined here: How can you place a GTT order with a Trailing Stop-loss leg? - Upstox Help Center. Feel free to reach out to us if you encounter any issues. Thanks.

@Ishaque when this will be available for web version

Hi @Himangshu_Gorai ,

The trailing stop loss feature will be available for the web version in April. Appreciate your patience in the meantime.

hello.

today i placed GTT sell order but dint execute. Can you please comment.

what was the error i made here.

The order failed: Prompted as the price set should be within the circuit limits . please modify your order price.

Hey @Suryaprakash_Thonupu,

Upon reviewing the screenshot you provided, it appears that your GTT order failed as expected. Today, the upper circuit for Zentec was at 1,069, which is below your target of 1,200.

We suggest you try placing your GTT order within the circuit limit. Find instructions on how to place a GTT order with a trailing stop-loss leg here: How can you place a GTT order with a Trailing Stop-loss leg? - Upstox Help Center & for FAQs regarding GTT order, visit GTT order - Upstox Help Center.

Hope this helps. Feel free to reach out to us or raise a ticket here https://uptx.to/tikt & we’ll get in touch with you for more assistance