Goodmorning.
So in the buy order entry; PRICE = 460 will become StopLoss price/amount (14*50=700), with SL Triggering same time because I gave SL Price and Trigger Price as 460. Am I correct in my interpretation?
What in this case? ShortSell 50@446; for 50 Buy Order Entry; Price=460 and TrigPrice=454. So in this case SL will execute @460 with the price triggering at 454 and minimize loss to 460 ie 700. Am I right in my understanding?
So that means that I need to place 2 buy orders?? One to minimize loss (SL) and other to buy at normal price(CMP) to compensate or buyback or fill the deficit 50? Is this correct? If i'm only placing one SL order then when does the buy order get executed because i'm not mentioning anywhere to buy at a specific price? and all that i'm talking is SL.
Apart from the above, how can I place a Buy Trigger Price for normal buying order. Say for example if its CMP/LTP is 110 then I want to trigger buying only if it reaches 112. Simply Place a Buy Order at that Price and wait for it to hit the level?
The buy order is the stop loss order. It is your protection incase the price goes up after you sell. In such a scenario as the price rises the stop loss is trigerred and your order will get executed if the price reaches 460. Not before that.
Suppose you sell 50 at 446 and place sl order at 460 with trigger at 460, the order is not activated as long as the price does not reach 460.
So that means that I need to place 2 buy orders?? One to minimize loss (SL) and other to buy at normal price(CMP) to compensate or buyback or fill the deficit 50? Is this correct? If i'm only placing one SL order then when does the buy order get executed because i'm not mentioning anywhere to buy at a specific price? and all that i'm talking is SL.
Apart from the above, how can I place a Buy Trigger Price for normal buying order. Say for example if its CMP/LTP is 110 then I want to trigger buying only if it reaches 112. Simply Place a Buy Order at that Price and wait for it to hit the level?
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