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What should be the TransactionType for Stop Loss Order

SudhakarC
SudhakarC edited May 22 in .Net API client
I have a position and its TransactionType is 'TRANSACTION_TYPE_BUY'. If i need to place stop loss order, what should be the TransactionType either TRANSACTION_TYPE_BUY / TRANSACTION_TYPE_SELL ?
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  • Nivas
    Nivas
    If you are holding a long position, the TRANSACTION_TYPE for placing a stop-loss order should be set to the opposite side of your position — i.e., it should be "sell".
  • SudhakarC
    SudhakarC
    So, i need to place 2 orders. One for exit the position and another one for stop loss. Could you please correct me if i am wrong ?
  • sujith
    sujith
    You can place only one order to exit position.
    If you want to exit at two different points then you will need to place target and stop-loss orders.
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