How to put stop loss in Zerodha options?
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Are you a day trader?
Zerodha offers a Stop Loss order facility in Zerodha Options to help you minimize your losses in case the price of the contract moves against your expectations. The process to place a stop-loss order is the same as any normal order.
You can place 2 types of Stop Loss order:
- SL-M order type: In this order, your position will be squared off at the market price.
- SL order type: In this order, your position will be squared off at the price set by you.
While filling the order form, you need to select SL or SL-M, enter quantity and Trigger Price.