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Q. 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.
executes at the market price right after the trigger.
Steps to place a stop-loss order:
- First download and then log in to the “MoneySukh Pro” app.
- First you have to choose a particular stock.
- Now, after selecting the “SELL” option, enter the price at which you want to sell your stock.
- After that, under the “Price Type” section, select the “SLM” option, then enter the triggered price and validity “DAY”.
- Now press on Sell.