Stop Loss on WebNotes

How to place an SL order on Kite

Tue, 12 May 2026 00:00:00 +0000

An SL (Stop-Loss) order on Zerodha Kite is a conditional limit order that sits dormant until the market price crosses a user-defined trigger price, at which point it releases a limit order to the exchange. It is distinct from an SL-M order in that the execution is bounded by a limit price rather than filled at the market price. This makes the SL order more price-controlled but introduces the risk of non-execution if the market gaps through the limit price. This guide explains the procedure for placing an SL order and the logic behind the two price fields.

Cover order (CO) on Zerodha

Mon, 11 May 2026 00:00:00 +0000

A cover order (CO) is a special intraday order type on Kite, Zerodha’s trading platform, that combines an entry order with a compulsory stop-loss order placed simultaneously. The mandatory stop-loss is placed as an SL-M (Stop Loss Market) order at the time the entry order is submitted. Because the maximum possible loss on the position is pre-defined by the stop-loss range, the exchange and broker can offer higher leverage (lower margin requirement) for cover orders compared with standard MIS intraday orders.

GTT (Good Till Triggered) order on Zerodha

Mon, 11 May 2026 00:00:00 +0000

The GTT (Good Till Triggered) is a proprietary order management feature introduced by Zerodha that allows traders and investors to set conditional buy or sell orders that remain active for up to one year, independent of daily market sessions. Unlike standard orders placed on Kite, which are cancelled at the end of each trading day, a GTT order persists in Zerodha’s own infrastructure until a user-defined price condition is met, at which point Zerodha submits a regular limit order to the exchange on the trader’s behalf.

Trigger price vs limit price on Kite

Mon, 11 May 2026 00:00:00 +0000

On Kite, Zerodha’s trading platform, a trigger price and a limit price are two distinct price parameters that appear together in the order form when placing an SL (Stop Loss limit) order. Confusing these two parameters is among the most common errors made by new Kite users, and the consequences, a stop-loss that fails to execute or executes at an unintended price, can be materially harmful.

This article explains what each parameter means, how they interact, and the practical rules for setting them correctly across different scenarios.