What is a Stop Loss order?
A stop-loss order is a buy/sell order placed to limit the losses when you fear that the prices may move against your trade. For instance, if you have bought a stock at Rs 50 and you want to limit the loss to 45, you can place an order in the system to sell the stock as soon as the stock comes to 45. Such an order is called 'Stop Loss'.
There are 2 types of Stop-Loss orders: -
1. SL order (Stop-Loss Limit) = Price + Trigger Price
2. SL-M order (Stop-Loss Market) = Only Trigger Price
if you have a buy position, then you will keep a sell SL
if you have a sell position, then you will keep a buy SL
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What is the Cover order?
A Cover Order is used for intraday trading, where a Stop Loss order is placed simultaneously with the main order. This Stop Loss order cannot be canceled, reducing risk automatically as it limits potential losses.
How does a GTT Order work?
A GTT (Good Till Triggered) order consists of: - - Trigger Price: The price at which the order gets activated. - Limit Price: The price at which the order will be executed. - Stop-Loss/Target Orders: Optionally, you can set stop-loss or target ...
What are the different order types available on Infinn?
The following order types are available on Infinn:- 1. Market ➖Buy or sell scripts at the current best available price. 2. Limit ➖Buy or sell scripts at a specified price. 3. Stop Loss Limit (SL) & Market (SL-M) ➖ A stop-loss order remains passive ...
How are stop-loss orders handled in GTT Orders?
Stop-loss orders in GTT come with a default price protection of 3%, which can be adjusted between 1% and 10%.
How to place a Trade execution order with us.
You can execute trades by contacting support Team: Phone: Call our trading desk at +0172 4073000. (Calls are recorded for verification and compliance.) Email: Send instructions to support@infinn.in. Use your registered email ID to send us the ...