Can someone pls explain if i cn use slm order to book profit
As i see, the diff b/w slm order and a normal order is slm is with the trigger Price. If suppose i bought 100 shares of sbi and put a slm order of 102 and log out of mrkt (wth a 98 slm in place) . Wil it square off position if price reaches 102 ?
SL (Stop Loss): If you bought a stock at 112 and you want to limit your losses to 102
which is 10 points. So if the markets come’s against you your order
should ideally get squared off at 102.
SL-M (Stop Loss Market): Now with the same example what if the market crashes and passes your SL of 102 but does not execute can leave your SL order pending? this can
happen if we have sudden fall. So to avoid these situations we use SL-M
and keep a trigger price which is 102. Now even if the markets fall by a
margin the order will get executed 102 or below.
JUST Read it.
Can you pls also tell what will happen with the slm order of 102 (in my example) , if sbi reaches 102 ?
The second slm (of 98rs) wont get executed and i wil have to cancel it manually, rht ?
Isnt the slm order is like a normal order with a trigger price ? If i place a slm sell order (of102)after buying 100 shares, will my current 100 shares nt be sold if price reaches 102 ?
Didn’t you get anything in https://tradingqna.com/uploads/default/original/2X/f/f0cbe3332d87eb1c5f1e7ff8cc4bcd00e6e23902.jpg
SL (Stop Loss): If you bought a stock at 112 and you want to limit your losses to 102
which is 10 points. So if the markets come’s against you your order
should ideally get squared off at 102.
SL-M (Stop Loss Market): Now with the same example what if the market crashes and passes your SL of 102 but does not execute can leave your SL order pending? this can
happen if we have sudden fall. So to avoid these situations we use SL-M
and keep a trigger price which is 102. Now even if the markets fall by a
margin the order will get executed 102 or below.
JUST Read it.
Stop-loss of 102 will be triggered immediately, As current price is already down compared to that. So all stocks will be sold at 100.
It wont as sl n slm orders come with a “trigger price” … it shall wait for the mrkt to trade on that price
but, why don’t you use limit order to book profit?
Dear lotus
Pls dnt bother 
Wl experiment to find out
order will get rejected. For targets use Limit order. For stop loss use SL-M
Just want that i don’t have to sit in market continuously n secondly whenever my trgt comes, it gets booked on the mrkt price
got your point. As there is no trigger price and market order mechanism in limit order. Why don’t you try with small quantity and let us also know.
Exactly brothr … sure will update in this thread
Actually you have written two number 102 SLM and 98 SLM which confuse me OK i got UR point try it and also share with us.
Thanks for ans
