Yes, Angel One allows you to place stop-loss orders. This feature helps limit potential losses by automatically selling your shares when they drop to a specific price you set. It’s a very helpful tool for traders and investors to manage risk without watching the market all the time. With a stop-loss, you can control how much loss you're willing to take and avoid big surprises.
What Is a Stop-Loss Order?
A stop-loss order is a type of order you place with your broker to sell a stock automatically when it falls to a certain price. This is useful if you want to protect your profits or limit your losses. For example, if you buy a stock at ₹500 and want to make sure you don’t lose more than ₹50, you can set a stop-loss at ₹450. If the stock falls to ₹450, the stop-loss order will trigger and your stock will be sold.
How to Place a Stop-Loss Order on Angel One?
Placing a stop-loss order on Angel One is easy. Just open the Angel One app or website, choose the stock you want to trade, and click on "Sell". Then select the stop-loss option. Enter your trigger price and your desired limit price. Confirm your order, and it's done. Your stop-loss order will remain active during the trading session and will be executed when your trigger price is reached.
Why Use Stop-Loss Orders?
Stop-loss orders are very useful for managing risk. You don’t need to sit in front of your screen the whole day. It works automatically and helps you control how much loss you’re ready to accept. If the market goes down suddenly, the stop-loss order can save you from big losses. It is one of the most simple and effective tools every trader and investor should use to stay safe in the market.
Can You Modify or Cancel Stop-Loss?
Yes, you can modify or cancel your stop-loss order anytime before it gets triggered. Just go to your order book in the Angel One app or website, and you will see the option to edit or cancel. If you feel the market is stable or going in your favor, you can even remove the stop-loss order anytime during trading hours.
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