Hi
First of all,I'm glad I found this one -- whoah, you guyzs are awesome and I would so much appreciate any help.
Here is my problem
I am a newbie to trading but fairly computer friendly .
'm using ICICIDIRECT as my demat.
I've tried doing margin trading, cash and spot trading.. they were easy ones.
HOwever, when trying MARGINPLUS and things got bizarre !!!
well, as a matter of fact, when we were just doing MARGINPLUS trading,
There were 2 options - fresh order and cover oder.
So for instance, we are doing a "buy" in fresh order and the cover order automatically changes to "sell" ... I get that part
NOw in cover order, we had to input sthin in SLTP(Stop loss trigger price) and in LIMIT price
The issue being, though I buy at a price say Rs.10 and I would so obviously want to sell it at a higher price and entered say Rs.20 in SLTP or LIMIT prices in cover order - IT JUST WONT TAKE IT...
It will only accept a price less than Rs.10 ???? Why is that? Does it mean I sell less than 10 bucks and lose money... Why would someone do it?
I hope I made myself clear.. IN short, things get crazie and I had been losing money... honestly, the demo or cust serrvice in ICICI sucks..
Please help.. Would you make my day?
Thanks again..
I greatly appreciate your time.
Regards
INCOGNITO
--------------------------------
First of all,I'm glad I found this one -- whoah, you guyzs are awesome and I would so much appreciate any help.
Here is my problem
I am a newbie to trading but fairly computer friendly .
'm using ICICIDIRECT as my demat.
I've tried doing margin trading, cash and spot trading.. they were easy ones.
HOwever, when trying MARGINPLUS and things got bizarre !!!
well, as a matter of fact, when we were just doing MARGINPLUS trading,
There were 2 options - fresh order and cover oder.
So for instance, we are doing a "buy" in fresh order and the cover order automatically changes to "sell" ... I get that part
NOw in cover order, we had to input sthin in SLTP(Stop loss trigger price) and in LIMIT price
The issue being, though I buy at a price say Rs.10 and I would so obviously want to sell it at a higher price and entered say Rs.20 in SLTP or LIMIT prices in cover order - IT JUST WONT TAKE IT...
It will only accept a price less than Rs.10 ???? Why is that? Does it mean I sell less than 10 bucks and lose money... Why would someone do it?
I hope I made myself clear.. IN short, things get crazie and I had been losing money... honestly, the demo or cust serrvice in ICICI sucks..
Please help.. Would you make my day?
Thanks again..
I greatly appreciate your time.
Regards
INCOGNITO
--------------------------------