Chapter 6: Stock Price Mechanics
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Day 36: Order Types — Kaise Khareedein?
Market order, Limit order, Stop Loss — teenon zaroori hain!
2 min read
📖 Mandi Mein Bargaining
Ramu: "Bhaiya, aloo kya bhav?"
Dukandaar: "₹40/kg."
Ramu: "₹30 mein dena." (Limit order!)
Dukandaar: "Theek hai, jab stock zyada aayega toh ₹30 de dunga." (Order pending!)
Stock market mein bhi exactly aisa hi hota hai — bas automatically! 🛒
Ramu: "Bhaiya, aloo kya bhav?"
Dukandaar: "₹40/kg."
Ramu: "₹30 mein dena." (Limit order!)
Dukandaar: "Theek hai, jab stock zyada aayega toh ₹30 de dunga." (Order pending!)
Stock market mein bhi exactly aisa hi hota hai — bas automatically! 🛒
Market Order
Jo bhi current price hai, uspe turant khareed/bech do!
Tum keh rahe ho: "Mujhe Reliance ke 10 shares chahiye — abhi, jo bhi price ho!"
✅ Pros: Instant execution — shares turant milenge
❌ Cons: Price exactly woh nahi milta jo display ho raha tha (slippage)! Illiquid stocks mein bada difference aa sakta hai.
Tum keh rahe ho: "Mujhe Reliance ke 10 shares chahiye — abhi, jo bhi price ho!"
✅ Pros: Instant execution — shares turant milenge
❌ Cons: Price exactly woh nahi milta jo display ho raha tha (slippage)! Illiquid stocks mein bada difference aa sakta hai.
Limit Order
Tu woh price set karta hai jis pe buy/sell karna hai!
"Mujhe Reliance ₹2,400 se kam pe hi chahiye." Order place kardo — execute tab hoga jab price ₹2,400 ya usse kam ho.
✅ Pros: Price control — exact entry pe milta hai
❌ Cons: Order execute na ho — price wahan kabhi na aaye!
"Mujhe Reliance ₹2,400 se kam pe hi chahiye." Order place kardo — execute tab hoga jab price ₹2,400 ya usse kam ho.
✅ Pros: Price control — exact entry pe milta hai
❌ Cons: Order execute na ho — price wahan kabhi na aaye!
Stop Loss Order — Most Important!
⚠️ Stop Loss = Tumhara Insurance Policy!
Tumne Infosys ₹1,500 pe kharida. Par agar ₹1,350 neeche gaya, toh automatically bech do — zyada loss mat karo!
SL = ₹1,350 lagao. Agar price ₹1,350 hit kari → automatic sell.
Yeh ek rule hai: Every trade mein Stop Loss lagao! No exceptions!
Stop loss nahi lagaya = "Main blind driving kar raha hoon!" 🚗
Tumne Infosys ₹1,500 pe kharida. Par agar ₹1,350 neeche gaya, toh automatically bech do — zyada loss mat karo!
SL = ₹1,350 lagao. Agar price ₹1,350 hit kari → automatic sell.
Yeh ek rule hai: Every trade mein Stop Loss lagao! No exceptions!
Stop loss nahi lagaya = "Main blind driving kar raha hoon!" 🚗
GTT — Good Till Triggered
GTT = Pending order jo tab tak valid rahega jab trigger na ho!
Zerodha, Groww mein GTT feature hai.
Example: "Mujhe TCS ₹3,200 pe chahiye — aaj nahi toh kal nahi toh 3 mahine baad jab bhi aaye!"
GTT lagao ₹3,200 pe → Exchange automatically buy kar lega jab price aayega!
Roz market watch karne ki zaroorat nahi! 🎉
Zerodha, Groww mein GTT feature hai.
Example: "Mujhe TCS ₹3,200 pe chahiye — aaj nahi toh kal nahi toh 3 mahine baad jab bhi aaye!"
GTT lagao ₹3,200 pe → Exchange automatically buy kar lega jab price aayega!
Roz market watch karne ki zaroorat nahi! 🎉
Order Type Summary
| Order Type | When to Use | Risk |
|---|---|---|
| Market Order | Urgent buy/sell, liquid stocks | Slippage risk |
| Limit Order | Patient investor, specific entry | Order may not execute |
| Stop Loss | Always! For every trade! | No risk — it PROTECTS you |
| GTT | Long-term patient buying | Market conditions change hone ka |
🎯 Takeaway:
Market order = turant execute, koi price guarantee nahi. Limit order = apni price pe execute, ya nahi hoga. Stop Loss = MUST use karo — har trade mein! GTT = set and forget long-term orders. Kal — Intraday vs Delivery ka fark aur kaun sa beginners ke liye better hai!
Market order = turant execute, koi price guarantee nahi. Limit order = apni price pe execute, ya nahi hoga. Stop Loss = MUST use karo — har trade mein! GTT = set and forget long-term orders. Kal — Intraday vs Delivery ka fark aur kaun sa beginners ke liye better hai!