Trading without a stop loss is like driving a car without brakes. You may enjoy the speed for a while, but one wrong turn can cause serious damage. In stock market trading, stop loss is not optional, it is survival equipment.
If you use Sharekhan for equity, intraday, or derivatives trading and still feel confused about stop loss settings, this guide will fix that.
This article explains how to set stop loss in Sharekhan, step by step, using real trading logic, official platform features, and practical examples – not theory copied from random blogs.
Whether you are a beginner or an active trader, you’ll learn how to protect capital, reduce emotional trading, and trade with discipline.
Why Stop Loss Is Mandatory in Trading (Not Optional)
Let’s clear one thing first.
Stop loss does not reduce profits.
Stop loss protects your ability to stay in the market.
Professional traders don’t focus on how much they can make in one trade. They focus on how much they can lose.
What a Stop Loss Does
A stop loss:
- Automatically exits your trade at a predefined price
- Limits downside risk
- Removes emotional decision-making
- Keeps losses small and controlled
Without stop loss:
- Losses grow silently
- Hope replaces logic
- One bad trade can wipe out weeks of gains
SEBI and most brokerage platforms strongly recommend using stop loss for retail traders, especially in intraday and derivatives trading.
What Is Stop Loss in Sharekhan?
In Sharekhan, a stop loss order is an instruction to sell (or buy) a security when it reaches a specific price.
It works through Stop Loss Market (SL-M) or Stop Loss Limit (SL) orders inside Sharekhan’s trading platforms.
Sharekhan allows stop loss placement in:
- Equity cash segment
- Intraday trading
- Futures & options (F&O)
- Bracket orders (where available)
Types of Stop Loss Orders in Sharekhan
Before placing a stop loss, you must understand the order types Sharekhan supports.
1. Stop Loss Market (SL-M)
This is the most commonly used stop loss.
How it works:
- You set a trigger price
- When price hits the trigger, Sharekhan executes the order at market price
Best for:
- Intraday trading
- High-volatility stocks
- When exit certainty matters more than price
Risk:
- Slight slippage during fast moves
2. Stop Loss Limit (SL)
This order gives you more control.
How it works:
- You set a trigger price
- You also set a limit price
- Order executes only at your limit or better
Best for:
- Low-volatility stocks
- Delivery trades
- Calm market conditions
Risk:
- Order may not execute if price moves too fast
Sharekhan Trading Platforms That Support Stop Loss
You can set stop loss in Sharekhan using:
1. Sharekhan Trade Tiger (Desktop)
Best for active and professional traders.
2. Sharekhan Web Trading
Ideal for browser-based trading.
3. Sharekhan Mobile App
Perfect for quick trades and monitoring.
The core process remains the same, only the interface changes slightly.
How to Set Stop Loss in Sharekhan (Step-by-Step)
Let’s now get into the actual steps, no fluff.
Step 1: Login to Sharekhan Trading Platform
- Open Sharekhan Trade Tiger / Web / Mobile app
- Enter your Client ID and Password
- Complete 2-factor authentication
Step 2: Select the Stock or Contract
- Search for the stock or F&O contract
- Choose Buy or Sell depending on your trade
Step 3: Choose Order Type as Stop Loss
In the order window:
- Select SL-M or SL
- Choose Intraday (MIS) or Delivery (CNC)
Step 4: Enter Trigger Price Correctly
This step decides whether your stop loss works or fails.
For Buy Trades (Long Position)
- Stop loss trigger must be below current market price
Example:
- Buy price: ₹500
- Stop loss trigger: ₹485
For Sell Trades (Short Position)
- Stop loss trigger must be above current market price
Example:
- Sell price: ₹500
- Stop loss trigger: ₹515
Step 5: Place the Order
- Double-check quantity
- Confirm trigger price
- Submit the order
Once placed, Sharekhan will automatically square off your position when the trigger hits.
How to Set Stop Loss After Buying Stock in Sharekhan
Many traders forget this step.
If you already bought shares and forgot to place stop loss, don’t panic.
Steps:
- Go to Positions
- Select your open trade
- Click Exit / Modify
- Choose SL or SL-M
- Enter trigger price
- Submit
This method works for both intraday and delivery trades.
How to Modify Stop Loss in Sharekhan
Markets move. Stop loss should move too.
When to Modify Stop Loss
- When trade moves in your favor
- When volatility reduces
- When you trail profits
Steps:
- Go to Orders
- Select your stop loss order
- Click Modify
- Update trigger price
- Confirm
What Is Trailing Stop Loss in Sharekhan?
Trailing stop loss locks profits automatically.
Instead of exiting manually, you move your stop loss upward as price rises.
Example:
- Buy at ₹200
- Initial stop loss: ₹190
- Price moves to ₹220
- Move stop loss to ₹205
Now:
- Worst case: small profit
- Best case: unlimited upside
Sharekhan does not offer fully automated trailing SL for all segments, but manual trailing works perfectly.
Stop Loss Rules Every Sharekhan Trader Must Follow
These rules come from real trading discipline, not textbooks.
Rule 1: Decide Stop Loss Before Entry
Never enter first and think later.
Rule 2: Risk Only 1–2% Per Trade
Professional traders survive because losses stay small.
Rule 3: Never Move Stop Loss Away
Moving SL away equals gambling.
Rule 4: Use Technical Levels
Support, resistance, VWAP, moving averages matter.
Best Stop Loss Strategy for Sharekhan Intraday Trading
Intraday traders need tight and logical stop losses.
Common Methods:
- Fixed points stop loss
- Percentage-based stop loss
- Candle low/high method
- VWAP-based stop loss
Example:
If trading Bank Nifty:
- Entry: 45,000
- Stop loss: 44,850
- Risk defined before entry
Stop Loss for Delivery Trading in Sharekhan
Delivery traders often avoid stop loss. That’s a mistake.
Markets don’t care about long-term hopes.
Better approach:
- Wider stop loss
- Based on weekly support
- Position sizing adjusted
Common Stop Loss Mistakes in Sharekhan
Avoid these, or the market will teach you painfully.
- Setting stop loss too tight
- Using round numbers blindly
- Ignoring volatility
- Removing stop loss after entry
- Trading without predefined risk
Does Sharekhan Auto Square Off Without Stop Loss?
Yes, but only for intraday trades.
Sharekhan auto square-off happens:
- Near market close
- At broker-defined time
This is not risk management. This is emergency exit.
Always use your own stop loss.
Is Stop Loss Mandatory in Sharekhan?
Technically, no.
Practically, yes.
Every experienced trader uses it. Every beginner who avoids it learns the hard way.
Stop Loss Charges in Sharekhan
Good news.
Sharekhan does not charge extra for placing stop loss orders. Regular brokerage applies as per your plan.
Psychological Benefits of Using Stop Loss
This part matters more than charts.
Stop loss:
- Reduces stress
- Improves sleep
- Builds discipline
- Removes revenge trading
Trading becomes boring, and boring trading makes money.
Real-World Example: Stop Loss Saves Capital
Trader buys XYZ at ₹1,000 without stop loss.
Stock crashes to ₹750.
Loss: ₹250 per share.
Another trader buys same stock with SL at ₹970.
Loss: ₹30 per share.
Both were wrong.
Only one survived.
Final Thoughts: Stop Loss Is Your Best Trading Partner
Markets reward discipline, not emotions.
Learning how to set stop loss in Sharekhan is not about tools. It’s about protecting capital, building confidence, and staying in the game long enough to win.
If you want consistency, start respecting stop loss today.
Because in trading, capital is oxygen.
And stop loss keeps you breathing.
