How to do Square Off in Angel One?

Steps to Square Off in Angel One

How to Square Off at Angel One?

Squaring off means closing an existing position in a particular stock or security. Here’s a step-by-step guide on how to square off using Angel One:

Step 1: Access the Angel One Platform:

Log in to your Angel One trading account using your credentials on the official website or through the mobile app.

Step 2: Review Available Placements:

Once logged in, navigate to the “Portfolio” or “Positions” section to view your open positions.

Step 3: Determine the Position to Square Off:

Review the list of open positions and identify the Stock or security you wish to square off. Select the correct one, as squaring off will close your role in that specific asset.

Step 4: Click on the Stock:

Click on the stock name or security you want to square off. This will lead you to the individual Stock’s page or position details.

Step 5: Choose the “Square Off” Option:

On the Stock’s page, find various options related to your position. Look for the “Square Off” button or a similar opportunity and click on it.

Step 6: Choose Quantity:

After clicking “Square Off,” enter the Quantity of the Stock or security you wish to square off. Depending on your trading strategy, you can square off the entire position or just a part of it.

Step 7: Check and Confirm:

Double-check all the details, such as the Quantity and the Stock’s name, to ensure you are squaring off the correct position.

Step 8: Verification and Settlement:

After confirming, you will receive a confirmation message for the successful square-off.

Note: It is essential to note that squaring off is the opposite of initiating a trade and is typically used to close intraday positions. If you are a long-term investor and wish to hold the Stock for an extended period, there may be more suitable options than squaring off.

Timing of Intraday Square Off

Intraday trades are auto-squared at 3:15 pm for Cash Segment and 3:20 pm for FO Segment. If a user loses 80% of the available margin, then intraday trades will be squared off.

Conclusion

Square-off is crucial for day traders and short-term investors who want to close their positions swiftly. Angel One provides a user-friendly platform that allows traders to execute this action seamlessly and efficiently, enabling them to manage their portfolios effectively.