Sage-Tips

How do you set stop loss for existing stock?

What are stop loss orders and how to use them?

1. SL order (Stop-Loss Limit) = Price + Trigger Price.
2. SL-M order (Stop-Loss Market) = Only Trigger Price.
3. Case 1 > if you have a buy position, then you will keep a sell SL.
4. Case 2 > if you have a sell position, then you will keep a buy SL.

Is a stop market order the same as a stop loss order?

A stop-market order, often simply called a stop-loss order, is meant to protect a trader from loss if the market moves too far in the wrong direction. It sets up a trigger price at which the order to buy or sell takes place.

How can I modify GTC order in Kotak Securities?

1. Go to Place orders. Click on GTC order under Equity Segment.
2. Click on Status tab to check pending orders.
3. You can modify Quantity or Price and click on Place Order.
4. An order confirmation page will show details of your order.
5. A reference number will be displayed as shown.

Can you put stop losses on options?

Overall, stop-losses work well when trading stocks. It’s natural to want to apply the same stop-loss order technique to option trades. But, options are not stocks and must be traded differently. Like shorting stocks, if you sold a put or call option, you can set a buy-stop order.

How do I cancel a GTC order?

You can cancel or change your GTC orders in the same window as regular orders. Go to the View / Modify Open Orders Window (Trade/Portfolio->View/Modify Order), then click on either the option to cancel or change, review your order request, then enter your password to confirm.

How can I place my GTC order in Kotak?

1. GTC How to Place Order.
2. Go to Place orders.
3. Click on Find Company code.
4. Type initial latters In stock Name field and select exchange from “Market Exchange “ dropdown.
5. Select company name and click on ADD button.
6. Select order type *(Buy / Sell) fill quantity and price.
7. Click on calendar icon and select Close Date.