We have updated the app to give you a better experience.
- If you’re using an older version of the Upstox app, read this.
- If you’re using the updated version of the Upstox app, read this.
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 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 that you are ready to take a loss on that stock. It can be a limit order or a market order.
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.
What is a stop-loss order?
A stop-loss order is an order placed to buy or sell a stock when a particular price is reached.
The main idea behind these stop-loss orders is to limit the losses and protect gains.
It can be a limit order or a market order.
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, enable the ‘Trigger Price’ and ‘Limit Price' toggle button. Enter the trigger price and limit price as per your requirement.
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 stop loss market order you will need to enable the ‘Trigger Price’ toggle button and enter the required trigger price.
You can place a stop-loss order by selecting the stock from the watchlist or by selecting the stock from positions/ holdings. Once you select the stock you can initiate the stop loss order facility by turning on the ‘Trigger Price’ toggle button.
To initiate stop loss Limit order facility you can turn on the ‘Trigger Price’ and ‘Limit Price’ toggle button.
Watch the below video to get a step-by-step tutorial on how to place stoploss order in your Upstox account.