Can I place SL-M (Stop Loss-Market) and SL-L (Stop Loss-Limit) orders with Quick Trade?

Can I place SL-M (Stop Loss-Market) and SL-L (Stop Loss-Limit) orders with Quick Trade?

Yes, Quick Trade supports both SL-M (Stop Loss-Market) and SL-L (Stop Loss-Limit) orders for Intraday trades. Here’s how each works:

  • SL-M (Stop Loss-Market): This order type triggers a market order once the stop-loss price is reached, ensuring that your position is exited at the best available price in the market. It provides fast execution but may have price slippage.

  • SL-L (Stop Loss-Limit): This order type triggers a limit order at the specified stop-loss price. It allows you to control the exit price, but the trade will only execute if the market price meets or is better than your stop-loss limit price.

You can choose between SL-M and SL-L in the Quick Trade settings, allowing for tailored risk management based on your preferences.

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