How to put Stop-Loss in Edelweiss app?

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Are you a day trader?

Edelweiss Mobile Trader app offers advanced order types like stop-loss. It limits the loss in the trade in case the price of a stock moves adversely. You could place stop-orders from the standard order window using the order type as 'stop-loss' or 'stop-loss market'.

Steps to Place Stop-Loss Order in Edelweiss App

  1. Login to your Edelweiss App
  2. Go to 'Watchlist' by clicking the button at the bottom left.
  3. Click + sign on top
  4. Search Stock
  5. Click the + button to add stock to watchlist
  6. Click 'Done'
  7. In the watchlist click on the orange 'T' button.
  8. Choose 'Stop-Loss' in the order type.
  9. Enter order details like Exchange, Quantity, Price etc.
  10. Enter Stop Loss price and Trigger price
  11. Review and confirm the order

Note:

  • As soon as the share price touches the Trigger Price, the Stop Loss order will be placed. The order will be executed when the 'Stop-Loss' price is crossed.
  • In a stop-loss order, a trader enters the stop-loss price while placing the 'buy' or 'sell' order. For a 'buy' order he needs to place a 'sell' stop loss and vice versa. The system will automatically execute the order on the share price reaching the set stop-loss price.
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