Trailing stop-loss order is a special order feature for traders to lock your target profits and also cover your risk from falling prices. Check steps to place trailing stop-loss order in Dhan app/web;
- Log in to your Dhan trading account.
- Tap on Portfolio and click on “Positions”
- Click on the scrip and tap on the “Add” option available just right to the Naked position, add stop-loss loss.
- Now, three options; stop-loss, trailing stop-loss, and target will be displayed on the screen.
- Toggle to the Trailing Stop-loss order.
- Input the quantity, use the toggle option to select market order or limit order, and enter the trigger price.
- Recheck all details and tap on “Sell” to place trailing stop-loss order.