What is the stop-loss trigger price?
Stop-loss orders are designed in such a way that the order remains inactive until the last traded price reaches the limit order price.
The stop-loss trigger price enables the user to define at what price the stop loss order should get activated. Once the last traded price reaches the trigger price, the stop-loss order is eligible to be executed on the exchange.
Related Articles
Why is my order rejected stating, "Provide a valid trigger price for placing an order. Your trigger price should be less than the LTP."?
This error appears when the trigger price you’ve entered for your Stop or Stop-Loss order is not valid based on the current market price (LTP – Last Traded Price). The trigger price determines when your pending order becomes active and is sent to the ...
What is stop-limit or trigger-limit order?
A stop-limit a.k.a trigger-limit order is a specialised conditional order that combines features of both stop and limit orders. It allows investors to set a specific price range for their trades: Stop/Trigger Price: This initiates the order once ...
What is the effect of the trailing stop-loss order?
This order enables the investor to state the maximum possible loss without sacrificing the profits. Such orders help investors to lock in profits if the share price moves in their favour as the stop loss price will automatically recalculate to ...
What is a stop-loss order?
It is an order to exit an open position when it reaches a specified price. These orders are designed to limit the investor’s loss.
What are price bands?
The exchanges have set a price band for all securities. The price bands act as a limit beyond which the price is not allowed to move on a particular day and the exchanges will reject orders that are set outside the minimum and the maximum of the ...