Hi, I’m new to stock market and i’ve been learning from Varsity by Zerodha app. So recently i reached the SL & SL M feature and even though i kinda understood the basics i still wasn’t happy. So i searched for the same and ended up in an article by Zerodha but this left me even more confused.
The way how i understood SL/SLM sell is used to put a limit to our loss we may incur incase the stock we own goes downwards. And SL/SLM Buy is used to buy a stock during an upward trend of the stock we wish to own. But i think the ‘Case 2’ in above mentioned article says otherwise.
Anyway i finally found a Youtube videowhere i think i kindof found the answer but the zerodha article and youtube video got me mixed up.
Idk if i’m clear enough on the topic. Sorry if not.
Thank you.