I have a day job because of that cannot do any kind of trade in normal trading hours. I myself is a swing trader with maximum holding period of 7 days and minimum holding period of hours. I want to place a AMO buy/sell order for stocks with stop loss.
Let say I am interested in a stock whose LTP is 100Rs , I want to buy this stocks in the middle of the night at 100 but I want to set a stop loss of 95Rs . So that if next day my stock move against the direction and moves past the stop loss value then it should auto exit the trade.
I have tried similar in AMO but it didnt work as I planned.
Will this method work?
In the middle o the night I will place a **AMO LIMIT Buy** order for a stock. After placing this I will go to the orders page and select the same stock and create a **GTT Single Sell** order with trigger price.
My questions are
- will this work.?
- What are the chances of failure?
- Is there any other way to do it in kite web or streak ?