Do I need to put stop loss on daily basis or is there any way to set my stop loss for a month?

Do I need to put stop loss on daily basis or is there any way to set my stop loss for a month ?

I dont watch stock market multiple times in a day and sometimes even for few days in a week. During these days stock might hit my stock loss target but I may not be able to sell as I am npt watching. Is there any way to put stop loss and forget about it ?

स्टॉप लॉस बहुत ज़रूरी है अगर आप स्टॉप लॉस नहीं लगते तो आपको पता भी नहीं चलेगा आपका पूरा अकाउंट खाली हो जायेगा ! में खुद बिना स्टॉप लॉस के वर्क करता था और मेरा पूरा अकाउंट खाली हो गया ! किसी भी स्टॉक के लिए INTRADAY ट्रेडिंग में 2 % से 3 तक और महीने के किये 10 % तक आपका स्टॉप लॉस होना चहिऐ इस से ज्यादा नहीं ! बाकि आप कोशिश करे की LOSS छोटे हो और प्रॉफिट बड़े !

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thanks for the answer but can you please let me know how to activate stop loss for a month instead of a day


I have the same question and it is unanswered in this tread.
Can someone please clarify.

multi days orders are not accepted at Exchanges. so you need to manually enter daily

now, say i have a delivery position and can i apply the stop loss for the trade taken yesterday.i took a trade yesterday, now today i want to apply stop loss, how can i do it. please explain.

You cannot set a stop loss for more than a day. However, there are many sites which offer a price alert option. For eg, if you want a stop loss at Rs. 100, set a price alert at Rs 105 so that you can be alerted in time.

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If you have bought equity yesterday you can sell the same today with some risks.

After the marker opens select sell order for the stock and order type select SL-M or SL-Limit.
Enter the quantity and trigger price and sell price.
Trigger price should be less than selling price.

For more details see here.

NO. It is not possible for you to add a stoploss for your holdings for longer than 1 day. Some broker may do it manually for you on a daily basis . it depends .If we talk about discount brokers then the answer is clearly a NO…