i like cover orders not just because of leverage, but mainly bcoz it reduces your work. probably a very fast procedure of placing the SL order also.
but it has got its own disadvantages too. the main issue I face is when I want to square off a part of my order, which my broker doesnot allow. eg i placed a cover order for 4 qty & i want to square off 2.
does any broker allow such partial square off in cover order. like i place order of 4 sell. & want to cover 1, then 1 & then 2.
but it has got its own disadvantages too. the main issue I face is when I want to square off a part of my order, which my broker doesnot allow. eg i placed a cover order for 4 qty & i want to square off 2.
does any broker allow such partial square off in cover order. like i place order of 4 sell. & want to cover 1, then 1 & then 2.
cover orders
