Hi,
Being a positional trader, many of my positions have deep stoplosses (according to Saint's pivot method), which will not be realistically be triggered today. But, a Sl is a SL, so I enter the SL order religiously daily. Only it becomes tedious to do daily when you are holding 10-15 stocks and the order will get cancelled at EOD.
It would be much better and easier to have put a stop-loss and not worry about it (only update it occasionally) till the position is not sold.
So, is there a broker, or a method (I use Sharekhan), who has the facility of a GTC (Good Till Cancelled) Stop-Loss?
Being a positional trader, many of my positions have deep stoplosses (according to Saint's pivot method), which will not be realistically be triggered today. But, a Sl is a SL, so I enter the SL order religiously daily. Only it becomes tedious to do daily when you are holding 10-15 stocks and the order will get cancelled at EOD.
It would be much better and easier to have put a stop-loss and not worry about it (only update it occasionally) till the position is not sold.
So, is there a broker, or a method (I use Sharekhan), who has the facility of a GTC (Good Till Cancelled) Stop-Loss?