What is a Stop Loss Sell Order ? How to do it in Indiabulls? Please explain the steps?

Question

What is a Stop Loss Sell Order ? How to do it in Indiabulls? Please explain the steps?

Answer 1

.Stop-Loss Order

An order placed with a broker to sell a security when it reaches a certain price. It is designed to limit an investor's loss on a security position.

Also known as a "stop order" or "stop-market order".  



In other words, setting a stop-loss order for 10% below the price you paid for the stock would limit your loss to 10%.

It's also a great idea to use a stop order before you leave for holidays or enter a situation in which you will be unable to watch your stocks for an extended period of time.