How to Set a Stop Loss on the Dhan?

If you’re trading stocks on Dhan and want to protect your money from sudden market crashes, setting a stop loss is a smart move. In this blog, we’ll show you how to set a stop loss on the Dhan app.

What is Stop Loss on Dhan?

Stop loss is like a safety net for your stocks. You decide a price at which Dhan will automatically sell your shares if the stock starts falling. It helps you stop big losses without watching the market all day. For example, you bought Infosys at ₹1,500. You set a stop loss at ₹1,450. If the price falls to ₹1,450, Dhan will sell your shares to protect you.

Steps to Set a Stop Loss on the Dhan

Here is the set a stop on the Dhan platform:

Open the Dhan app.

Tap on the Search button, and choose your preferred stock.

Tap on the Buy button.

Then set all settings, tap on the super option, set the stop loss, and then tap on the instant buy.

Why Use Stop Loss on Dhan?

Protects your money if the market crashes.
No need to sit and watch the screen all day.
Keeps emotions out of trading (no panic selling).
Completely free to use on Dhan.

Tips for Setting Stop Loss on Dhan

Don’t set your stop loss too close to your buy price: If you set it too tight, normal small ups and downs can trigger it and sell your stock too early.
Check how much the stock moves daily (volatility): Some stocks, like Adani shares, go up and down more than others. These need a wider stop loss so you don’t get stopped out by small price swings.
Always double-check your stop loss order: Make sure the stop loss is active in your order book and the prices you entered are correct.

Common Mistakes When Setting Stop Loss on Dhan

Setting the stop loss too tight: If your stop loss is too close to your buy price, small price moves can trigger it, and your stock will sell too soon.
Forgetting to set a stop loss: Without a stop loss, you’re fully exposed if the market crashes. Always protect your trade.
Mixing up trigger price and limit price: Many beginners confuse these. The trigger price is when the stop loss activates. The limit price is the price you want to sell at (for SL orders). Always double-check.
Not checking if the order is active: Sometimes people think they placed the stop loss, but it didn’t go through. Always check your order book.

Also Check: How to Add Funds to the Dhan app?

Conclusion

In conclusion, now you know how to set a stop loss on the Dhan. It’s quick, simple, and protects your money from sudden crashes. Whether you’re new or experienced, always use stop loss like you wear a helmet when riding a bike. It keeps your trading safe.

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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