Dear All,
I'm new to trading and I was wondering if someone could help me understand this concept of stop loss trigger.
Today I bought Inox leisure at a limit price of 126.50 with stop loss of 123. The price of the stock is 121 now. What was the stop loss suppose to do, sell my stocks at 123 or send me some kinda alert??
I had assumed that the broker would sell it at the stop loss defined by me
What do I do if I would like to buy a stock say at 100 and would like to sell it either when I get a 20% margin at 120 or I can bear a loss of 5% so 95.
Regards
Dominic
I'm new to trading and I was wondering if someone could help me understand this concept of stop loss trigger.
Today I bought Inox leisure at a limit price of 126.50 with stop loss of 123. The price of the stock is 121 now. What was the stop loss suppose to do, sell my stocks at 123 or send me some kinda alert??
I had assumed that the broker would sell it at the stop loss defined by me
What do I do if I would like to buy a stock say at 100 and would like to sell it either when I get a 20% margin at 120 or I can bear a loss of 5% so 95.
Regards
Dominic