Hey guys, could some one please eli5 trailing stop loss? I’m coming from kotak neo and it’s very easy to place tailing Sl there. I’m having a tough time to understand how it works on Dhan. I would have ended in green if I had used this feature
I did the read the example and watched the video but I still cannot understand.
Here’s how I do it in Kotak -
- I buy SBI at 610 and target is 613.
- Now the CMP is 612.75 and I wish to place my trailing SL at 612
- So if the stocks falls to 612, my order gets executed.
- In Kotak I just move the SL Trigger price and it gets executed if the stock falls to SBI.
On Dhan, I would like to know how I can replicate the same. Thanks guys!