SLM = TIGGER PRICE IF REACH ODER WILL EXECUTE IMMEDIATELY WITH MARKET PRICE i.e. CMP
SL = TIGGER PRICE + SL PRICE
If trigger price not set Order will execute SL Price
IF TIGGER price SET & AT THE SAME CMP, Order will place As SL, ITS NEED DETAILS UNDERSTANDING ORDER PLACE DOES NOT MEAN IT WILL BE EXECUTE
@mac76
ie) ltp - 100, i kept target price at 101, when ltp reached 101, it didnt executed becoz many people have quoted at same price before me, so my order comes under pending status, then ltp falls from 101 down to 100 and then to 99 and never comes back to 101,
so at this time my order will never be executed ah and always be in pending status ah…
@Newbie420
k ill give u a real example
cipla on aug 9 at 9.30 ltp was 655.70,. i kept buy target at 655 then ltp suddenly goes down to 653, then goes down and never reached that 655 again, my stock will always be in pending ah.
@Newbie420
actually what happened was only few orders were executed, like 15 executed out of 200, then remaining was on pending, so i cancelled and booked a loss…
dont take every trade you see. wait for good setup. only enter the trade if its a good risk to reward setup.
most people here will tell you plan your exit before entering the trade. i partially agree with them. but if price keeps going up dont exit manually. just trail your stoploss.
If you have any doubts or confusion I suggest you to watch youtube videos. It will clear your confusing rather than discussion. TO get more info Regarding Stock Market join my Group
Please avoid entrada trading. Invest as per stock portfolio in zerodha small case. You will also save on brokerage. Do delivery trading as per small case portfolio.
I have experience. Intraday with leverage is path to destruction.
Do intraday only after 6 months of stock market experience.
I found a solution to this. Check the average highest RSI for the stock. When it reaches that value exit from the trade.
Secondly keep an eye on the price rise and not on the profits…
Thirdly don’t expect anything. If the price dips and comes back several times, then understand its intention.