A stop-loss order is a buy/sell order placed to limit losses when there is a concern that prices may move against the trade. Such an order is known as a 'Stop Loss' as it aims to prevent a loss exceeding the predetermined risk.
A stop loss order gets triggered when the stock price suddenly gaps below (or above) the stop price. When this happens, the order is executed at the next available price, even if the stock is trading sharply away from your stop loss level.
Yes, Stop-loss option is available on the trading page of scrips across all the three platform: Dynami, Leap and Leap Portal.
Yes! You can place two separate orders—SL and an Exit order. However, these orders will be treated as two distinct buy/sell orders. You must maintain a sufficient margin for both.
A market order inherently carries the risk of potential losses due to a freak trade, whereas a limit order ensures price execution at a specified level, eliminating the risk of a freak trade but without guaranteeing an order fill. However, by setting up a stop loss limit (SL) you can combine the advantages of both order types—protecting your price while improving the chances of execution, balancing both risk management and trade efficiency.
Yes, you can convert an open stop-loss order into a normal order by following these steps: -Visit the Order Book and click on the Modify button -This will reopen the order page, allowing you to make changes. -Modify the order type by selecting RL Market and submit the Place Order request.