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Let's say you want to purchase a stock at Rs 100. You would like to place a stoploss order at Rs.2 or less in order to lower the loss. You can do this by placing a buy order at Rs. 100, with a spread Rs. 2.
Order type : Purchase Trailing stoploss order
Stock Price : Rs. 100
Purchase Price : Rs. 100
Spread : 2.00
System will calculate stoploss price on its own : (100-2) = 98
Once @ 100 order is traded ,stoploss order will be trailed by the system as per table given below
Time | 10:00 | 10:15 | 10:30 | 10:45 | 11:00 | 11:15 | 11:30 | 11:45 |
Stock Price | 100 | 101 | 102 | 101 | 102 | 103 | 102 | 101 |
TSO | 98 | 99 | 100 | 100 | 100 | 101 | 101 | 101 |