What is the trigger price in stop loss order?

 

There are many technical terms in the field of stock broking that need to be mastered to accrue desired profits. Among various technical terms being used in stock trading scenario, one is stop loss order and its trigger price. This is why it is often said to choose from the top 10 stock brokers in India who can understand your investment objectives and create a custom stock portfolio just for you

What does the trigger price mean in a stop-loss order?

The trigger price refers to the price level at which you want your stop loss to be carried out. It is also known as the stop-loss price, typically measured as the percentage of the original buying/selling price.

According to the best demat account provider in India, “a number of trading platforms enable stock investors and traders to define this as a percentage (10% in the given example), while many other trading platforms enable investors to put in the precise price figure (INR 270 in the given example).”

Source: - https://bluebeastmedia.com/finance/what-is-the-trigger-price-in-stop-loss-order/