stoploss is used to "stop loss" -to cut the loses.you can use a pivot calculator for simple stop loss calculation for delivery based trading and intraday stop loss depends on how much you are ready to lose - imean the maximum amount you are ready to lose- it also depends on the price movements of the scrip for that particular day
in your case - if you asked the broker to put a stop loss at 123 =it means that the broker placed and order for selling the stock at one condition -if it breaches a tigger price. so for a stop loss sell order for 123 the trigger will be slightly higher. lets say that the stock is quoting at 125.you place a stop loss sell order at 123 with a trigger price of say 123.25.when the price reaches 123.25 or below the stop loss sell order get activated or triggered.the order will be placed as a sell order for 123.but if the price starts moving up say from 123.10 to 124 the order wont be excecuted.
in your case - if you asked the broker to put a stop loss at 123 =it means that the broker placed and order for selling the stock at one condition -if it breaches a tigger price. so for a stop loss sell order for 123 the trigger will be slightly higher. lets say that the stock is quoting at 125.you place a stop loss sell order at 123 with a trigger price of say 123.25.when the price reaches 123.25 or below the stop loss sell order get activated or triggered.the order will be placed as a sell order for 123.but if the price starts moving up say from 123.10 to 124 the order wont be excecuted.
Good day to everyone of you, I have around Rs.1,000,000.00 (ten Lacs) and want to invest I am an NRI and currently the money is in saving account in one of the banks in India. could anyone help me how I can invest this amount. The thing is that I intend to buy a shop or a flat but I may use about 2-3 lacs from this amount. I do not have much knowledge about trading but would like to learn if anyone will help me dear.
Regards,
Dav