← What is IntraDay Trading
Image showing placing Intraday Buy Order
I have just opened a demat account with SBI. My problem is that The order types that I can select from the Intraday buy option is Market, Limit, SL-L and SL-M. Now limit and market I can understand but what is SL-L/M. If it is stop loss then what does it mean to have a stop loss in a buy order. A stop loss is something to minimize losses while selling right ? Then why does the option of SL-L/M come whenI place an intraday buy order.
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