Let’s say I’ve just bought Reliance 2300 CE at 35. I want to hold this position for 5 days but want to put stoploss at 30.
So should I just create a normal stoploss order and let it be there? I mean, won’t that SL order get auto cancelled at the end of the day because of non executation? Or the SL order will remain active until executation?
GTT will be triggered but since CMP will be beyond your Limit Sell price, your order will remain pending.
You can keep some difference in GTT Trigger and Price, this way it will act as Market Order.
Eg. You can keep Trigger at 30 and Limit Sell price at 27, what this will do is whenever GTT is triggered between this price point (27 to 30) your Limit Sell order will get executed at best available price in the market.