We have updated the app to give you a better experience.

If you’re using an older version of the Upstox app, read this.

What is a Stop Loss order?

A stop-loss order is an order placed to buy or sell a stock when it reaches a certain price. The stop-loss order is primarily meant to limit your loss on a stock that you have already purchased. 

The price you mention in the stop-loss order is the highest risk (losses) that you are ready to take on that stock. It can be a limit order or a market order.

You can read more about stop-loss orders here.


How to place a Stop Loss order (3.0)?


A stop loss limit order will be executed at the price that you wish the order to be executed at. The stop loss is a mere trigger to validate the order.

 

-To place a stop loss limit order you will need to select SL LMT in the order type section while placing an order. You will also need to enter the Buy price and the trigger price when you are placing this order.



A stop loss market order will be executed as soon as once your stop loss is triggered. The order will be placed at whatever price is prevalent in the market. 

-To place this order you need to select SL MKT  in the order type section and enter the stop loss price.



Click here to explore the updated app.


If you’re using the updated version of the Upstox app, read this. 

How to place a Stop Loss order (5.0)? 

Step 1. To place a stop loss limit order you will need to select ‘SL Lmt’ in the order type section. You will also need to enter the ‘Price’ and the ‘Trigger price’ when you are placing this order.

 

Step 2. To place a stop loss market order you need to select ‘SL Mkt’  in the Order type section and enter the ‘Trigger price’.