How to Place Stop Loss Order in HDFC Securities?
- Last Updated: 03 Feb, 2024
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Steps to Place Stop Loss Order in HDFC Securities
| Steps | Description |
| 1 | Log in to Your HDFC Securities Account |
| 2 | Select Your Stock |
| 3 | Choose 'Order Type' |
| 4 | Set the Trigger Price |
| 5 | Specify the Quantity |
| 6 | Select a Duration |
| 7 | Check and Confirm Your Order |
How Do I Place Stop Loss Order in HDFC Securities
In the HDFC Securities mobile app, follow these steps to place a stop-loss order:
Step 1: Log in to Your HDFC Securities Account - Open the HDFC Securities mobile app and log in. The 'Trading' section may be found by clicking on 'More'. Select Buy/Sell.
Step 2: Select Your Stock - Choose the stock you want to purchase or sell. The stock exchange you want to trade on should be chosen.
Step 3: Choose 'Order Type' - The order type that was chosen is limited order. Add the cost and the number.
Step 4: Set the Trigger Price - Select More Information. To set a stop-loss, enter the trigger price. Send in your order. The price at which your stop loss order will be put into effect is known as the trigger price. At this pricing, you want to keep your losses to a minimum.
Step 5: Specify the Quantity - You should enter the number of shares you want to include in the stop loss order. Ascertain that this amount is consistent with your overall investment strategy and risk appetite.
Step 6: Select a Duration - Choose how long you want the Stop Loss Order to stay in effect for. Day Order, which is only valid for the current trading day, and Good Till Cancelled, which is active until executed or manually cancelled, are both popular choices.
Step 7: Check and Confirm Your Order - Before submitting the order, take a moment to review all the details. Ensure the Trigger Price, Quantity, and Duration are set according to your trading plan. Make any necessary adjustments.
When trading, a stop-loss order aids in limiting your losses. It allows you to buy or sell a stock at a predetermined price and shields you from the stock market's sharp price swings. In order to protect your money, setting a Stop Loss Order on HDFC Securities is essential.