i. What is a Stop Loss buy order?
Buy Stop loss order is an order which will be activated in the market when the LTP of the contract matches or exceeds the trigger price specified by the user. Stop loss buy orders are
placed at or above the current market price
ii. What is a Stop Loss sell order?
A Sell Stop loss order is an order which will be activated in the market when the LTP of the contract matches or falls below the trigger price specified by the user. Stop loss sell orders
are placed at or below the current market price.
iii. What is trigger price?
A trigger price is specified by the user to allow the system to activate the stop loss order once the last traded price breaches the trigger price.
iv. What is Stop Loss limit order?
A stop-limit order will be executed at a specified or better price, after a given trigger price has been hit. Once the trigger price is hit, the stop loss-limit order becomes a limit
order to buy or sell at the limit or better price.
v. Can a Stop Loss order be modified to a regular order and vice-versa?
A stop loss order can be modified to a regular order but, a regular order cannot be modified to a stop loss order.