Order Types
Limit order, Bracket order and more
A trailing stop is a stop loss order which trails with the last traded price in one direction. This is significant when traders want to protect their gains in a position. This order type allows traders to avoid knee-jerk decisions based on emotions and helps them to execute pre-determined trading plans.
You can place trailing stop loss at Dhan from Manage Position. To access Manage Positions click/tap on the open position where you wnat to apply trailing stop loss. If you have a naked position, you will see a nudge “Cover Your Risk”. When you click on the nudge, you will get three options to manage risk:
Stop-Loss, Trailing SL & Target. When you click on Trailing SL, you need to input quantity, toggle for SL-L & SL-M, trigger price and trailing jump. All input fields are same as in the other place on Dhan & self-explanatory but trailing jump. Trailing Jump is the price difference by which Stop-Loss (Trigger Price) will move when LTP moves by equal points.
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