None of us like losses and we do our best to prevent our portfolios from turning red. Good things don’t come easy and avoiding losses, especially in intraday trading, means you have to monitor the markets and your stocks much more than other trades.
To smoothen your trading experience at Groww, we have launched a new feature called ‘Protect Order’ for intraday users that will make it easier for you to trade in a disciplined manner and keep those losses in check.
Protect orders allow you to place two orders simultaneously. While placing an intraday market/limit buy order, you can also add a stop loss order to it at one go.
Step 1: Select a stock and choose intraday from the toggle.
(Please note that HUL has only been chosen as an example and prices indicated on the screenshots are just for illustrative purposes. This is not an advisory)
Step 2: Once you choose intraday, you will get the option to customise your order by adding a stop-loss order to it.
Step 3: Once you click ‘Add sell stoploss’ you will land on this screen where you can fill in the details of your trade.
Step 4: Click on buy to place your order. You will see all the details of your trade on the next screen.
Step 1: You can also modify your order on Groww. After placing this order head to your dashboard, choose the intraday-SL order you want to modify. Click on ‘modify’.
Step 2: Enter the new details according to how you want to modify your order on the next screen.
Step 3: The last screen will show all the details of the modification.