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You chose the stock you want to trade, call your broker and place the order to him Ā or Ā do online trading and place your order on the app on your mobile or computer.
When you want to buy shares it is called a buy order.
When you want to sell shares it is called a sell order.
In positional trading the validly depends on when you want to buy or sell and close the trade.
In Intraday trading the validity is just for a day.
In futures and options Ā the validity date is the last Thursday of every month.
You can place an order either through online (need trading account with a broker) or through call and trade with a broker.
Types of Order :-
1. Buy Order – You wish to buy share(s).
2. Sell Order – You wish to sell share(s).
Validity of Order:-
1. Positional trading :- the validity is open. The share holder can decide to sell/buy at his/her own will.
2. Intraday trading :- the validity is on the same day, i.e., before 3:30 PM.
3. Futures & options :- the validity is till the expiry date as per the contract.
place order through buy or sell option. Types of order are long, long unwinding, short and short covering. If you go for intraday validity is till that particular day end. If you go for future and options validity depends on the expiry day.
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Place order via Online/Phone via Broker.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Buy and Sell are types of Orders.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Validity of Order isĀ end of business hours of a day.</p>Place order took place through online platform or phone call to the broker.
Types of order — Buy and sell order
If its an intraday trading the validity of order is a day
If its an position trading the validity of order is base upon the shareholder wish no time constrain.
Future trade and option the order is valid for the agreed time scale.
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