How to Place Stop Loss Order in Choice India?

Placing a stop-loss order saves you from incurring potential losses. However, to place a stop loss order, you need to follow the below-given steps:

Steps to Place a Stop Loss Order in Choice India

You can place a stop-loss order in two ways, either buy or sell. Let’s know their respective steps:

How to Place a Stop Loss Order?

Stop Loss orders are placed in two ways, buy or sell. Let’s discuss them in brief:

Buy Order

To place a buy order, follow the below-given steps:

Step 1: Log in to your account via the app or website.

Step 2: Select Buy.

Step 3: Choose your desired script.

Step 4: Then click on SL.

Step 5: Enter the price and trigger price.

Step 6: Click on buy.

Step 7: Confirm order details.

Step 8: Click on Yes.

Note: You should keep in mind that the price should be higher than the trigger price for your order to be placed successfully. 

Sell Order

To place a sell order, follow the below-given steps:

Step 1: Log in to your account via the app or website.

Step 2: Select Sell.

Step 3: Choose a script.

Step 4: Then you will see SL and SL-M, click on SL-M.

Step 5: Enter the price and trigger price.

Step 6: Click on Sell.

Step 7: Confirm order details. 

Step 8: Click on Yes.

Note: You must keep in mind that your price should be lower than the trigger price. This is because as soon as the order reaches your trigger price, it will get placed. 

Therefore, by following these steps, you can place a stop-loss order easily.