What is the difference between cover order and bracket order?
Both cover orders and bracket orders are types of advanced order types used in trading, which allow traders to manage their risk and optimize their trading strategy. However, they have some key differences:
Cover Order: A cover order is a two-legged order type that consists of a market order and a stop-loss order. The market order is used to enter a new position in the market, while the stop-loss order is used to limit the loss if the market moves against the trader. The stop-loss order is placed automatically by the system when the market order is executed. Cover orders are typically used by traders who want to limit their losses while taking advantage of the volatility in the market.
Bracket Order: A bracket order is also a two-legged order type that consists of a limit order, a target order, and a stop-loss order. The limit order is used to enter a new position in the market, while the target order is used to take profits if the market moves in the trader's favor. The stop-loss order is used to limit the loss if the market moves against the trader. Bracket orders are typically used by traders who want to take advantage of both upside and downside potential while limiting their losses.
What is Bracket order?
A bracket order is a special type of order where you can enter a new position on intraday orders with extra exposure along with protection through target exit and a stop loss order. It helps to limit your stock and lock in the profit. Through BO, you ...
What is Cover order?
A Cover Order is intraday order which is followed by a mandatory Stop Loss Order. Hence, two orders can be placed at one time. This helps traders minimize their losses by protecting themselves from unexpected market fluctuations. A Cover Order can be ...
How can I place an order through Swastika?
If you want to buy or sell shares, you'll need to place an order with a broker who can execute the trade for you offline. However, you can still place buy and sell orders through our Call and Trade service by calling us at 0120-4400777. Please note ...
How can I check my trading reports and demat transaction reports?
Step 1: Log in to the Justrade mobile application and then click on 3 lines at the top left and select 'PAYIN/LINKS' Step 2: Select BackOffice and once you are on redirected to web page you can select option as per requirements ie, holdings, ledger ...
What is Intraday Trading?
Intraday trading is the buying and selling of stocks on that same day during the trading hours. If you have not sold the stocks by the end of the trading session, it will automatically be sold by the end of the session. Generally, stocks are bought ...