How to Place Stop Loss Order in Nuvama?
A stop loss order means putting a long position to set up losses when you have a feeling in case prices would move contrary to your position. However, to execute the stop loss order you need to follow some steps:
Steps to Place Stop Loss Order
| Steps | Description |
| 1 | Search the stock |
| 2 | Tap trade |
| 3 | Select SL |
| 4 | Fill in the order details |
| 5 | Enter the trigger price |
| 6 | Click on submit |
How Do I Place a Stop Loss Order?
The process of setting a stop loss order is simple. Here are the steps to follow:
Step 1: You need to search for the stock you are willing to invest in
Step 2: Once you have selected the stock, you need to tap on the trade
Step 3: Then you need to select SL (Stop Loss)
Step 4: Next, you need to fill in the necessary order details
Step 5: Then, you need to mention the trigger price to get control of the loss
Step 6: Submit the order created.
By following these steps, you can effortlessly apply for a stop-loss order and have an efficient trading experience.