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How to set stoploss in icicidirect future trade?

Discussion in 'Technical Analysis' started by basantv2011, Feb 21, 2017.

  1. basantv2011

    basantv2011 New Member

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    Hi,
    I use ICICI direct for trading and investing. Is there any way I can set stoploss for my future trades? Or I have to use mental stoploss only? I don't find anything for future trades but this mechanism is there for margin trades. Plz guide.
    Thanks in advance,
    Basant
     
    basantv2011, Feb 21, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    ICICIDirect for trades is a killer. Whats your brokerage? Margin is always an avoid as far as my suggestion goes.
     
    shabbir, Feb 21, 2017
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  3. basantv2011

    basantv2011 New Member

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    I do future trade and brokerage is close to 0.3%..i do have motilal oswal account which also has similar brokerage..so i have not used motilal yet. What do u suggest?

    Sent from my GT-N7100 using DIY Technical Analysis mobile app
     
    basantv2011, Feb 21, 2017
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  4. shabbir

    shabbir Administrator Staff Member

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    0.3% is quite high. Apply taxes and double it up for buy and sell and it is close to 1%. Consider Zerodha - https://shabbir.in/zerodha-review/
     
    shabbir, Feb 21, 2017
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  5. basantv2011

    basantv2011 New Member

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    basantv2011, Feb 21, 2017
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  6. shabbir

    shabbir Administrator Staff Member

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    I don't trade in futures and so will not be able to comment on it particular but every broker should have it. Still better to ask them over a phone of whatever features you are looking for.
     
    shabbir, Feb 22, 2017
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