You can Right Click on your particular scrip from your Watchlist. Under ‘Cover Order’, you will be able to see the options to buy or sell the cover order. If you choose ‘Sell Cover Order’, you will see a similar pop-up asking for required details : Similarly, if you choose ‘Buy Cover Order’, a pop-up […]
Articles Tagged: Cover Order
How to place Cover Order in NEST Trader?
Click on cover order entry under the menu “orders and trades” or can use the short cut key Shift + F1 for buying cover order and Shift + F2 for selling cover order. Once the order is placed, you can see the pending SL order in your Order Book as shown below. Once the SL is […]
What is a Cover Order?
Cover order is a special type of intraday order which allows trading with higher exposure (limit). In cover order, buy/sell order is automatically placed along with a stop-loss order in a single click. This can save a lot of time which is spent placing separate orders. Since a stop-loss order is placed simultaneously while getting […]
What are the benefits of a Cover Order?
Below are the primary benefits of cover orders for intraday traders: Discipline: Putting a stop loss while trading intraday is very important. However, most traders usually keep a SL in mind rather than on the system. Even if we put a SL order, we most likely cancel it rather than letting it get triggered.While placing […]
How does a Cover Order work?
A cover order automatically places two orders. i. a buy/sell market/limit order ii. a stop-loss market order simultaneously placed automatically. The trigger price has to be in a specified range and the stop loss order cannot be cancelled. Once the market price of the stock breaches this trigger price, the Stop loss Market order gets […]
