Knowledge Base

When placing certain order types on the Samco app, you will come across two price fields Price and Trigger Price. Understanding the difference helps you set up your orders correctly.

Price This is the price at which you want your order to be executed. For a Limit order, this is the exact price at which you want to buy or sell. The order will only be filled at this price or better.

Trigger Price The trigger price is used only for SL (Stop-Loss Limit) and SL-M (Stop-Loss Market) orders. It is the price that activates your stop-loss order. Until the market reaches your trigger price, your order stays inactive in the system. Once the trigger price is hit, the order is activated and placed at the exchange.

For an SL order, you set both a trigger price and a limit price. The trigger activates the order, and the limit price controls at what price it executes.

For an SL-M order, you only set a trigger price. Once triggered, a market order is placed immediately at the best available price.

A simple example: You buy a stock at ₹400 and want to limit your loss. You place an SL-M order with a trigger price of ₹380. If the stock falls to ₹380, the stop-loss is triggered and your position is squared off automatically at the prevailing market price.