What are market and limit orders?

Market Order:

• An order to buy or sell right away at the best current price is known as a market order.
• Imagine yourself in a store and saying, "I want to buy this right now, at whatever price it's selling for.”
• For example, suppose that Reliance stock is currently trading at ₹2,800. You purchase one share by placing a market order. At ₹2,800, your order will be executed right away.

Limit order:

• An order to buy or sell at a certain price or higher is known as a limit order.
• Consider this scenario: You are in a store and declare, "I will only purchase this item if it costs ₹100 or less." I won't buy it if it's more.
• For example, Reliance is currently trading at ₹2,800. You purchase one share at ₹2,750 by placing a limit order. Only if the price falls to ₹2,750 or less will your order be fulfilled.

Does MoneySukh allow stop-loss orders?

Yes, stop-loss orders are supported by MoneySukh; you can place stop-limit (SL) and stop-market (SL-M) orders straight from the MoneySukh app or platform.

What are Stop-Loss (SL) and Stop-Loss Market (SL-M) Orders?

A stop-loss (SL) order is a limit order that only activates when the stock reaches a predetermined trigger price.

It sets a limit order at the price you specify after the trigger.

When the stock hits your trigger price, a market order known as a stop-loss market (SL-M) order is initiated.

(YouTube video tutorial)

Steps to place a stop-loss order:

1. First download and then log in to the “MoneySukh Pro” app.
2. To download the application, follow the below link:

• For Android, Click here
• For iOS, Click here
• For Web Application, Click here

1. First you have to choose a particular stock.
2. Now, after selecting the “SELL” option, enter the price at which you want to sell your stock.
3. After that, under the “Price Type” section, select the “SLM” option, then enter the triggered price and validity “DAY”.
4. Now press on Sell.

What are bracket orders?

An advanced trading order type that is perfect for intraday trading is the bracket order (BO), which helps manage entry, target, and stop-loss in a single trade.

( YouTube video tutorial )

Steps to place a bracket order:

1. First download and then log in to the “MoneySukh Pro” app.
2. To download the application, follow the below link:
   • For Android, Click here
   • For iOS, Click here
   • For Web Application, Click here

1. First, select a particular stock in which you want to make an entry.
2. Then click on “BUY”.
3. Now under the “Product” section, choose “BO”.
4. Set the price type to “LIMIT”.
5. Now enter the “Stop Loss” price as well as the “Target” price.
6. And at last, click on “BUY”.

What are the types of bracket orders available in the market?

Bracket Orders (BO) are sophisticated order types in the stock market that enable traders to automatically set a target and stop-loss in addition to their primary order, assisting in the simultaneous management of risk and reward.

Types of bracket orders:

1. Bracket Order (Standard):

• When you simultaneously place a main buy/sell order, a target (profit) order, and a stop-loss order, it's known as a bracket order (standard). The other is automatically cancelled once the target or stop-loss is reached. In a single trade, it aids in risk and reward management.

2. Trailing Stop-Loss BO:

• With a Trailing Stop-Loss Bracket Order (BO), you can lock in more profit while limiting losses because the stop-loss price will automatically move in your favour as the stock price increases. The position is closed if the price reverses by a predetermined amount, known as the trailing value.

1. BO with Limit Entry:

• A bracket order with limit entry (BO) allows you to indicate the price at which you wish to enter the trade. You also establish a target (profit) and stop-loss in addition to this. Only when the stock hits your entry price does the order go into effect.

1. BO with Market Entry

• When a trade is placed at the current market price with a predetermined target and stop-loss, it is known as a Bracket Order (BO) with Market Entry. It facilitates instant trade entry and automatically controls profit and loss.

What is an after-market order (AMO)?

You can place orders outside of regular market hours with an After Market Order (AMO), and they will be queued and executed when the market opens.

What is Good Till Triggered (GTT), and how do you place it?

Long-term orders that remain active until your designated trigger price is reached or until they expire or are manually cancelled are known as GTT (Good Till Triggered) orders.

(YouTube video tutorial)

Steps to place a GTT order:

1. First download and then log in to the “MoneySukh Pro” app.
2. To download the application, follow the below link:
   • For Android, Click here
   • For iOS, Click here
   • For Web Application, Click here

1. First, you have to select a particular stock, and then below the buy and sell option, there are lots of small icons provided, so from them, you have to select the rightmost icon.
2. After that, below the “order validity” option, the “GTT” option is given.
3. Now you have to place conditions and limit price and quantity. And then press Create Order.

What are the types of GTT?

1. Single-Leg GTT Order:

One trigger price and one order price, either for buying or selling, are set by you.

• Example (Buy):

You want to buy Tata Steel if the price drops to ₹120.

When the stock hits ₹120, the system will place a buy order at ₹119.50.

2. OCO GTT Order (One Cancels the Other):

You establish a target and a stop-loss trigger price. The other is cancelled when one is struck.

• Example:

You bought HDFC Bank at ₹1500, and now you want to:

• Sell at ₹1600 (profit target) or
• Sell at ₹1450 (stop-loss)

If ₹1600 is reached, your target sell order is placed, and the stop-loss is cancelled (and vice versa).

What are the product types: CNC, MIS, and NRML?

1. Use of CNC (Cash and Carry):  For equity trades based on delivery.

Holding: Your Demat account has been credited with shares.

No margin or leverage.

Timeframe: You are free to keep the stock for as long as you like.

2. MIS (Margin Intraday Square-off) Use: For intraday commodity, F&O, and equity trades.

Holding: Prior to market close, the position is automatically squared off.

Generally speaking, higher margins and leverage are permitted.

Exiting on the same day is required to prevent auto square-off fees.

3. NRML (Normal) Use: For commodities and F&O trades that take place over several days or overnight.

Holding: Positions may be carried forward until they expire.

No automatic square-off.

Only the exchange-required margin is applicable; there is no high margin.

What is a trailing stop‑loss

A trailing stop-loss is a dynamic stop-loss order that helps you lock in profits by automatically adjusting when the price of a stock moves in your favour.