sl and slm order

Difference between SL order and SLM order

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Difference between SL order and SLM order – Explained

Many traders in the Indian Stock Market are confused regarding the difference between SL and SL-M order and which one should they use. In this post, all your doubts regarding the SL and SLM order types will be cleared.

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So what’s the difference between SL order and SLM order? SL Order is a Stop Loss Limit Order in which you need to specify price as well as trigger price whereas SLM order is a Stop Loss Market Order wherein you need to specify only trigger Price. Hence the difference is in the execution of the orders.

 

difference between sl and slm order

 

Both SL and SLM orders have their advantages and disadvantages. Depending on the situation, you need to decide which type of order you must choose.

Let’s start with the basics.

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