How to Set a Stop Loss in Fyers?

If you trade or invest in the stock market, you already know it comes with risks. One smart way to protect yourself is by using Stop Loss. It’s like a seatbelt for your trade; it helps limit your loss if the stock price goes against you. Fyers, a popular trading platform in India, gives you simple tools to set a Stop Loss. This blog will show you how to set a Stop Loss in Fyers.

What is Stop Loss in Fyers?

A Stop Loss is the price you set for your stock to protect yourself from big losses. If the stock price falls to that level, Fyers will automatically sell it (or buy it back if you are short selling). This helps you limit how much money you can lose.

For example,

You buy Reliance at ₹2500.
You set a Stop Loss at ₹2450.
If the price drops to ₹2450, Fyers will sell your shares on its own.

This means you don’t have to keep watching the stock price the whole day. The Stop Loss will take care of it for you.

Why Should You Use Stop Loss in Fyers?

It protects your money: One bad trade won’t take away all your hard-earned cash.
It keeps you calm: You don’t need to panic or make emotional decisions when the price drops.
It works automatically: Even if you’re busy at work or stuck in traffic, your trade is safe because Fyers will handle it for you.

Steps to Set a Stop Loss in Fyers

Here is the step-by-step process to set a stop loss in this platform:

Open the Fyer app.

Tap on the search and add.

Search your preferred company and stock.

Tap on the Buy option.

Now set the market price, trigger buy, quantity, and then tick on the BO, then set the Stop loss, and take profit. And then tap on the Buy option.

Tips for Using Stop Loss in Fyers

Don’t set Stop Loss too close: Small ups and downs in price might trigger it for no reason.
Don’t set it too far: It won’t save you from big losses if the price falls a lot.
Decide your Stop Loss before you enter the trade: This keeps you disciplined.
Don’t keep changing the Stop Loss: Changing it again and again will confuse you and can lead to bigger losses.
If you’re new, use SL-M: It’s simpler and makes sure your order gets executed.

Also Check: How To Add Funds in Fyers?

Conclusion

In conclusion, now you know how to set a Stop Loss in Fyers. It’s a simple but powerful tool that saves you from big losses. Every smart trader uses a Stop Loss to stay safe. Whether you’re trading intraday or holding shares, Stop Loss is your best friend in the market.

About the Author

Saniya

I'm a finance content writer with a BBA in FinTech, passionate about simplifying money matters for everyday Indians. I break down complex topics like investments, savings, and digital finance into easy, relatable content. My goal is to help you in a way that’s easy to understand, jargon-free, and actually useful in real life.

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