How can I place stop loss above my buying price?

Let’s say that my entry is at 200 with 180 as initial stop loss and I’m expecting the stock to go up till 220 however I’m a little skeptical and I think the stock will go in down trend after 215 then can I change my stop loss to 215 ??

Once it is above 215 you can place 215 as stoploss in this case.

1 Like

It would be SL-M order, right ? instead of SL…

May be you should read this on using stop losses.