Suhani’s Stock Game: Level Up with Limit Orders!

Suhani’s Smart Trading with Limit Orders

As the aroma of incense filled the air and the rhythmic chanting of mantras echoed through the temple, three friends, Suhani, Kishore, and Uncle Mohan, discussed their investment strategies. Suhani, a young and ambitious stock trader, was particularly keen on Tesla, but she felt the current valuation was too high.

Uncle Mohan, visiting from abroad, listened intently. “Ah, a classic case for a limit order, wouldn’t you say?” he remarked with a knowing smile.

Suhani’s eyes lit up. “Right! I remember reading about that. But how exactly does it work?”

From Mantras to Markets: Suhani’s Trading Tip

Kishore, a seasoned investor, chuckled. “Think of it like buying a piece of land. You wouldn’t just pay the asking price without any negotiation, right?”

“Of course not!” Suhani said. “I’d tell the seller my maximum price and walk away if they wouldn’t budge.”

“Exactly! A limit order works the same way in the stock market,” Uncle Mohan explained. “You set your desired price, a limit, for buying or selling a stock. The order only gets filled if the market price reaches that point.”

“So, if I set a limit order to buy Tesla at ₹50,000, it won’t buy any shares until the price drops that low?” Suhani asked, starting to grasp the concept.

“Precisely,” Uncle Mohan confirmed. “This way, you avoid paying more than you’re comfortable with. But remember, there’s no guarantee the price will reach your limit, especially in a volatile market like this.”

Suhani’s Limit Order Strategy Unveiled

“That makes sense,” Suhani pondered. “What about selling stocks? Can I use limit orders there too?”

Kishore nodded. “Absolutely. Let’s say you own Amazon stock, currently at ₹1,80,000. You might think it has the potential to go higher. You could place a limit order to sell your shares at, say, ₹2,25,000. That way, you lock in a profit if the price does hit that mark.”

Uncle Mohan added, “And remember, limit orders can be a great tool for risk management. By setting a stop-loss limit, you can protect your investment from significant losses in case the stock price takes a sharp downturn.”

“That’s a great point, Uncle Mohan,” Suhani said. “I hadn’t thought of that.”

Smarter Trading with Navia’s Limit Orders

As Suhani, Kishore, and Uncle Mohan wrapped up their conversation and finished their pooja, Suhani felt empowered with the knowledge of how to use limit orders effectively. But her excitement grew even more when Kishore shared one last tip: using Navia’s zero-brokerage platform could make her trading journey even smoother.

“With Navia, you won’t just benefit from smarter strategies like limit orders,” Kishore explained. “You’ll also keep more of your profits, thanks to zero brokerage fees. Plus, for someone like you who’s just getting started, zero brokerage helps you trade without worrying about extra costs.”

Uncle Mohan added, “Not to mention, Navia’s superior support—WhatsApp, live chat, and even a dedicated desktop platform—makes the whole process easier. And if you ever want to explore US stocks or leverage your positions with margin funding, Navia has you covered.”

With Navia’s easy-to-use platform, Suhani felt confident in her first steps into the world of trading. And with zero brokerage fees, she could trade without worrying about hidden costs eating into her profits. “This is just the beginning,” she thought, her excitement growing as she realized how much more she could explore with Navia’s powerful tools. From margin funding to trading US stocks, Navia was her go-to guide for smart investing decisions.

Here’s How you can Place a Limit Order Using the Navia App 

Step 1: Account Access

Begin by opening the Navia App. If you already have an account, log in using your credentials. 

Step 2: Select a Stock

Navigate to the Watchlist section of the app. From there, choose the stock you wish to trade.

Step 3: Initiate a Purchase

Once you have selected your desired stock, click on the “Buy” option to proceed. 

Step 4: Set Order Details

In the order entry screen, input the price at which you wish to purchase the stock, along with the desired quantity. Be sure to select the “Limit” option to specify your order type. 

Step 5: Confirm Your Order

After entering the required information, review your order details. Once you are satisfied, click on the “Buy” option to confirm the order. 

Step 6: Order Execution

Your limit order will remain active until the stock price reaches your specified limit. At that point, the order will automatically execute, purchasing the quantity you indicated.

DISCLAIMER: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Brokerage will not exceed the SEBI prescribed limit.