June 6, 2020, 8:06am
Let’s say I have purchased a stock for Rs. 100. I want a stop loss to be triggered if it hits Rs.90.
I went through this
I am happy to announce a long-awaited feature, GTC, but even better. Introducing GTT (Good Till Triggered) orders. GTC orders GTC (Good Till Cancelled) orders are orders that are valid until cancelled. They are most commonly used for placing long...
The only way for me to do this is to use a GTT OCO (One Cancels other order) - so I have to put both a stop loss & a trigger price. The stock will get sold if either or those are hit?
Is there a way for me to have just a GTC stop loss if I don’t want to sell if it goes higher?
You can try GTT SIngle Sell order instead.
Assuming you are long and
Infy = 785.7 and you want to keep Stop-Loss at 5% then you need to enter Trigger Price = 746.4 and Limit Price = 746.4
June 6, 2020, 9:38pm
See the screenshots, I was able to place Single GTT Sell order
What you are talking here is about CNC/MIS Order Types not GTT. You can read more on that
in detail here.
June 30, 2020, 3:28am
Replying to an old comment. What happens if there is a gap? I mean let’s say the price moves directly from 750 to 740 will the above sell be triggered? Won’t the limit price avoid it from being triggered?
In case of gap, Your trigger will be triggered and Limit Sell order will be placed at your price.
June 30, 2020, 4:24am
But then the order won’t go through because the price is already below my limit price? Is there any way to place a stop loss market order based on a trigger price?
June 30, 2020, 4:38am
Then you can give more difference between trigger and limit so it acts as market.
June 30, 2020, 5:00am
Would that really work?
Say I set trigger as 100 & limit as 50. Then the moment the price goes below 100, Zerodha would execute a limit order at 50. So it will get sold at 50.