How do you activate stop loss?

Placing a stop-loss order is ordinarily offered as an option through a trading platform whenever a trade is placed, and it can be modified at any time. A stop-loss order effectively activates a market order once a price threshold is triggered. Traders customarily place stop-loss orders when they initiate trades.

What is trailing stop loss in Icicidirect?

This feature allows you to place orders with auto-trailing stop loss facility where the stop loss price for your order would decrease automatically with the fall in market price. If the market rebounds upward, then your order will get executed as per the new stoploss price which would be a better price for your orders.

What is future plus stop loss in ICICIDirect?

FuturePLUS with Stop Loss Limit Margin (i.e. With Cover SLTP Order) is an intra day product having an order placement feature wherein you place two orders simultaneously wherein Fresh order will be a market order and with the second order you limit your loss on every position by necessarily placing a cover order …

Where should a stop loss be placed?

If you’re intending to go long, the stop-loss should be placed below the market price, or it should be placed above the market price if going short.

How to place a stop-loss order in ICICI Direct?

ICICI Direct customers can place a stop-loss order in the ICICI Direct website or mobile app using the regular buy/sell order form. You just have to fill an additional field ‘ Stop Loss Trigger Price ‘ in the order form and place the order. A stop-loss (SL) order gets activated only when the set trigger price is reached.

Do we have to place stop every day in icicidirect?

3.Yes u have to pLACE stop everyday. ICICIDirect is 100 years back in terms of online trading facilities. Thanks guys for your prompt responses. Anibhai: I visited the help section of the website but could not understand the SL trigger price/ limit price funda. Raj: Thanks for putting it simply, its now clear!!

How to place a Stop Loss (SL) order?

You just have to fill an additional field ‘ Stop Loss Trigger Price ‘ in the order form and place the order. A stop-loss (SL) order gets activated only when the set trigger price is reached. The SL order type is used to limit the loss of a position.

Why is my order status not updating on icicidirect?

It is possible that the order might have been accepted by the exchange and executed also. Avoid re-entering the order; otherwise, you may end up placing multiple live orders for the same security. As soon as ICICIDirect receives a confirmation, the status will be updated.