Why aren’t Stop Loss and Target options available for Overnight trades?
Quick Trade’s Stop Loss (SL) and Target options are designed specifically for Intraday trades. For Overnight trades, these settings are not available due to the increased risk of price fluctuations after market hours, which could make SL or Target levels unreliable.
To manage risk for Overnight positions, it’s recommended that you set manual Stop Loss and Target levels after placing the order. This manual approach offers flexibility while accounting for the potential volatility associated with Overnight trades.
Related Articles
How do I set up Stop Loss and Target levels in Quick Trade?
To set up Stop Loss (SL) and Target levels in Quick Trade, follow these steps: Go to User Settings > Quick Trade to configure your Stop Loss and Target settings. For Intraday Trades: If you select only a Stop Loss, the trade will be placed as a Cover ...
Is it possible to place normal Intraday orders without Stop Loss and Target using Quick Trade?
Yes, you can place normal Intraday orders without predefined Stop Loss (SL) and Target levels in Quick Trade. To do so, follow these steps: Open the Quick Trade settings in FYERS Web. Disable the SL and Target options. Place your trade, which will ...
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 ...
Why am I getting an error stating 'Stop loss should be less than limit price'?
The error 'Stop loss should be less than limit price' is a protective measure ensuring your trades are logically consistent. When placing a Buy order: Limit Price: Represents the maximum price you're willing to pay for a stock. Stop-Loss: Acts as a ...
How to Place a Trigger Order/Stop-Loss Market Order in Fyers App
A trigger order, commonly known as a stop order or stop-loss market order, allows you to set a specific price for buying or selling. Specifically, buy trigger orders should be placed above the current market price, and sell trigger orders should be ...