I will give you a gist of stoploss orders. There are 2 types: stoploss limit(SL) and stoploss market(SLM)
SL order consists of limit price + trigger price. When the trigger price has reached, a limit order is sent to the exchange.
SLM order consists of only trigger price. When the trigger price has reached, a market order is sent to the exchange.
Ex. Let’s say you buy a stock at 100 and keep stoploss as 95 using:
You place Sell SL order, where trigger price = 95 and price = 94.90. When trigger price of 95 is reached, a sell limit order with price of 94.90 is sent to the exchange.
You place Sell SLM order, where trigger price = 95. When trigger price of 95 is reached, a sell market order is sent to the exchange.
Do you want him to place the trades for you as well? He has with effort explained everything! Have some consideration for the guy answering your questions. Use the explanation and fill it yourself.
First of all I appreciate his and everyone’s efforts who try to answer the question and I thank them all.
But for once if we have this table ready then every one can refer this. We can find many articles on on stoploss on net but with no/less examples. I hope you understood.
Completely false.
You call any expert, Customer care etc and they will tell you the same thing that SL order guarantees that you buy/sell price will be in the range betweeen TRIGGER price and LIMIT price.
But this is utterly nonsense.
What is true is that for 99.9999% times in real life you will get buy/sell price in the range betweeen TRIGGER price and LIMIT price