Suppose i have taken a short position and put a cover order buy stop limit
for Taking Profit if i am putting a buy limit order .. in place of squaring off the short position it is opening a new long position with the existing short position also active
pls suggest a solution how to square off positions
When it comes to cover orders, it’s important to keep in mind that you won’t be able to place a stop limit. If you try to place a counter order to square off your cover order, it might create a new long position instead of actually squaring off your existing one. Hence, we recommend you to go for the following available options.
Option 1: Place a BO having your own Stop Loss and take profit (Target)
Option 2: Place a normal order and use the FYERS mobile app to set a GTT order (OCO).
I will start executing BO orders.. pls suggest why multiple BO orders get placed at Stop and Target prices.. if this is how the system is, pls confirm if i can modify these orders during live trade and what is the easiest and fastest option to modify these multiple orders