What is trailing stop loss Zerodha?

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A Stop Loss Order (SL) is used to minimize losses by a trader and is placed alongside a buy order. The SL order is executed when it reaches the price set by the trader. A trailing stop-loss order in Zerodha is set as several ticks rather than a fixed price. The stop loss moves up/down by the number of ticks set by the trader depending on the price movement.

 

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