How to place a stop loss order after buying a stock?

General
1

Suppose I buy a share at rs 100 now the price is rs 110.Now i want that if the share price fall to 105 it will be sold.So i want a stoploss order at 105.How to do that.Plz help.

3

bro… it is simple…just place a sell bid at 105 in advance… so, if stock reaches 105… your shares will sold…

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4

Can you elaborate this including the order type you are talking about?

5

hElLO tRaDeR,
When the current price is 110 , and you want to sell your position at 105 , if the price of the stock start falling.
You place a STOP LOSS LIMIT SELL ORDER with trigger at 105.05 and price at 105.

6

Thank you so much for your prompt reply. I got it now.

7

Hey guys, I want to ask, suppose i buy the stock on 110 the price goes to 120 and then i use stoploss on 115 , but the price went on 124 , so in this can i change my stop loss to 120 ?

8

Yes you can keep modifying your stoploss sell trigger price to less than Current market price anytime.

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