once in position go to open position press exit and select SL and put the price.
Do you mean , In position section , I have to click on EXIT , and in that open tab, I have to select LIMIT and then put some price or I have to select SL in that ?
ex. my buy was 142. once executed i will go to open position select exit and go to SL i put price as 131 trigger price as 131.1 keep .1 difference between price and trigger.
So It means once premium will come down and touch 131 to 131.1 , it will execute automatically
yes. but sadly it did not execute which lead to my bigger loss. all thanks to zerodha.
I think this was the reason why your Stop-loss was not Triggered.
Becasue This price never got executed due to Suddenly drop in price.
In last few times in options,
When I followed same steps, at same time it executed and gave me loss.
even i thought so too… but there have been times when even my other sl with diff of upto 1 point didnt trigger. and it makes no sense that was the reason it didnt execute. if i have put that order and there are volume traded and many buyers and sellers are there it should get exited. why do i suffer loss because their servers cant handle volatility
yeah options move very quickly. but thats good it triggered for you maybe there was bigger loss right. just know your risk capacity for the day and put sl accordingly. i still cant digest todays loss.
No, I mean, I put gap of 20 points and as I put SL , it got executed… It is not like 1 time… It happened 2-3 times.
See, Volatility was high and There maybe for sure 1000’s of orders must be in Queue and before your order get executed price dropped and skipped your Triggered price.
If You have placed a SLM order there was 100% guarantee of execution but the problem with SLM it that whatever will come after 131 it will get executed no control over price.
you misunderstand about how stop loss orders work …
if you put stop loss limit order , there is no guarantee that it will get executed …
when your order gets triggered at 131.1 , price might have gone below 131 ( if nobody is there to buy at 131 , how your order will executed? ).
if you want your order to get executed either put it as SL market , or put something like trigger price at 131.1 and ask price as 129 or 130 which has more chance of getting executed
nah … all loses are because you don’t know how stop loss order works
this is very basic thing …
assume you want to buy something at 150rs and putting a trigger price at 149.9 …
when price jumps up suddenly from 145 to 155 , your order will be placed , but there is no guarantee that it will execute
You have bought 6900 nifty put last time which requires 50 lack in that volatile market so I assume in normal market 30 lack That’s why I asked…
In post that’s profit of 6 lack+
Bro that 6900 puts bought at avg 41 so around 2.85 invested…and there is no leverage for option buying and no fund lock like selling… So No problem with volitile market…
Bro you trade only in options?
Yes bro only index option…
Tried hand in future and cash CO BO commodity and book losses… Found index option suits my trading strategy so migrated to indexoptions only
Negative 13k. Not going well since last week. Let’s see what happens tomorrow. Holding some BnkNifty calls and puts…
bank nifty weekly option ? abt to expire