Can we put stop loss after buying shares in HDFC Securities?
Yes, one can modify the Stop loss Limit order. The price and order type (limit to market) can be modified in Stop loss Limit order.
How do you set up a stop loss for long term investments?
A better approach would be to use technical support and resistance levels to set a stop loss. So if you are long on the stock then you set the stop loss slightly below the next support. If you are short on the stock then you set the stop loss slightly above the next resistance level.
Should I use trailing stop or stop limit?
The trailing stop is preferred over the stop limit because there’s protection against very fast swings. Since there’s a trailing stop set for the end of day, the presence of these cases are already much more minimized. At the end of the day, a loss is a loss.
Can market makers see stop loss orders?
Market Makers Can See Your Stop-Loss Orders So market makers move the stock to the stop-loss levels and take them out. Especially during low volume trading in the middle of the day.
How to use stop loss limit order in trading?
1. First order will be the Market order 2. Second order will be a Stop loss order with a Limit price. Once the market price of the stock breaches this trigger price, the “Stop loss Limit order ‘gets activated for Sell. In the process you book lower losses.
Can I enter stoploss price and TGT price in HDFC platform?
I never used hdfc platform so can’t tell you exactly. But there are few brokerage firms allowing Stoploss price and tgt price while inserting buy /sell price for an order. Alternatively, you can enter stop loss price with trigger price once you have the open position and choice to either enter tgt price or stop loss price.
What is trailing stop loss order (TSL)?
Online Stock Market Trading and Investment in India with HDFC securities Trailing Stop-loss Order (TSL) with Book Profit A trailing stop loss order is an order type where the stop loss is also revised towards the target at the same tick rate when the market price of stock/contract moves in your desired direction.
How to minimize the down side of trading in stocks?
Place a stop loss which keeps revising towards the target at the same tick rate when the market price of stock/contract moves in your desired direction. This order type helps minimize the down side by cutting the loss that can be incurred.