What are the methods for squaring off the position?
Welcome to the Upstox community @Somasekhar_Rao_Konap
Let’s say you have bought a share or derivatives such as Futures or Options. The ways and scenarios to square off the position could be any of the below:
- Sell at a profit: Here you are squaring off (or simply selling) your position by entering a sell order for an entire quantity you hold and the selling price is higher than your cost price.
- Hitting a stop loss: Here you are selling off your entire quantity at a price below your cost price. Traders prefer to exit at a small loss to avoid any larger loss if an adverse position is left open.
- Selling at break-even point: Here you sell the entire quantity at your cost price.
Apart from the above, if you have sold options, squaring off in profit would mean buying back the option at a lower price.
We hope we have understood the question well. If not, please elaborate on what you are looking for. We would be happy to revert.
Thank you for your quick reply. I want to know if any ‘squaring-off’ option/tab is available instead of going for sell order. Thank you once again Mr. Vivek Choksi. You may please revert if such tab is available on Upstox portal.
Hey sure, I can help you with that!
These are the steps to square-off your open positions on Upstox
- Login to pro.upstox.com
- Go to Positions tab
- Select the script and on right side you will see the square off button.
Screenshot for your reference
We’re working on bringing this on our app and will keep you updated.
Hopefully this helps and answers your question.
Ok, I have to open pro.upstox.com and then get confirmed. Thank you.