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How To Buy Shares In Share Market For Beginners and Types of Orders In Stock Market By CA Rachana - YouTube
Channel: CA Rachana Phadke Ranade
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Hi guys CA Rachana Ranade here and
I welcome you all to my next lecture on
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'Basics of Stock Market' what I'm trying
to do now essentially is that I'm sure
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by now everyone knows that I already
have an entire lecture series 11 lecture
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series on 'Basics of Stock Market' I am
trying to give more concepts through
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YouTube which might or might not be
covered in that 11 lecture series or
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even if they are covered in the 11
lecture series
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maybe I'm I would like to discuss a
little bit more about that so that's how
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I'm trying to you know progress with my
basics of stock market series even on
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YouTube now so today's topic which I
plan to do is what I will tell you in minute but first
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let me tell you what we had done in the
previous video on basics of stock market
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I had talked about a very very important
concept which comes up during the
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account opening from account opening
phrase or phase I should say that is the
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concept of power of attorney very few
people I came across who actually knew
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exactly what is power of attorney there
was a concept of a power of attorney
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which we had discussed in the previous
lecture so if you have not watched that
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video you can find it here do watch that
first and then move on to this video
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because it's a very nice sequence that
we are talking about first we talked
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about how to open an account now
presuming that you have opened an
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account now the next step is how do you
place an order so for placing an order
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you must understand that there are
various types of orders which you can
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place and there were many viewers who
said that we really don't know that
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exactly when to place a day order when
to place a limit order what are the
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different types of orders so I thought
let me just make a video on that what
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could be the different types of orders
what are the meaning of that and how do
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you actually proceed with placing an
order on the exchange I would like to
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thank up stocks for sponsoring this
video so let's check the portal of up
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stocks what you can see on the screen
I'll just quickly explain here you have
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a plus sign where you can actually add
whichever stock you want to buy or sell
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or you just want to add it to your watch
list just as an example let me take
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Infosys so I'm just typing in fee and
immediately it has given me certain of
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options for entry whether I want to
check out the NSC cup rice or Bombay
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Stock Exchange so let me check NSC the
moment I've pressed in fee NSC it starts
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appearing on my screen you can easily
watch it as well here I start getting to
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three options here whether I want to buy
whether I'm gonna sell so let's say I am
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placing a buy order for envy so I've
clicked on by now what do you see on the
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screen you see there are different types
of orders first of all you see the
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complexity tab in which you have simple
or a mo which is an after market order
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this typically gets placed after 3:30
the next one is a cover order and the
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fourth one o CEO is one cancels other
that's one type of order that they have
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many people also call this as a bracket
order okay so let's understand what are
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these types of orders one by one let's
say click on simple in simple order type
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you have to further or for further
options broadly to only one is a market
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order one is like a limit price order so
the moment I say I want a market price
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order here you can see I can't type
anything into buy price okay if this
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gets frozen out why because I'm saying
that I don't want to bug in whatever is
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the market price I want to buy it right
away but the moment I press limit here
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see this becomes an editable option now
I can press whatever I want so let's say
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I want to bug in now being a girl you
know that comes in built that I have to
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bug in I can just take it at face so
let's say it's the price is 771 I place
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an order at seven hundred and sixty
rupees okay and if I say buy then of
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course it will ask me for one more
confirmation but we are not here to
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directly buy that I'm going to show you
many many possible options okay so in
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this I told you either you can place a
market order or a limit order stop-loss
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limit and stop-loss market these are
like huge concepts I will just quickly
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tell you what is the stop-loss the word
itself says says that if I were to stock
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my losses so just an example if I were
to buy this same stock at 770 rupees and
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assume that the market price of the
share starts falling down after I buy it
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and it goes down and down and down till
let us say 760 so I have already
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incurred a loss of
was 10 or 11 rupees and I feel that
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that's a maximum loss I can bear I don't
want to go beyond that then I can put a
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stop loss order at seven hundred and
sixty rupees so what happens the moment
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the stock price goes down and down and
it touches 760 my stop-loss order will
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get executed
what is the benefit the benefit is that
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if the stock price goes below 760 also
let's say it closes it's 750 I'm pleased
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to bother about that because my position
has closed at 760 only so my loss is
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stopped it's capped at 760 so rupee
terms may it will be stopped at 11
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rupees in our example okay what is
stop-loss limit what is stop-loss market
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these are very very no intense
terminologies for that you can buy my
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basics of stock market lecture series in
which I have explained almost for 45
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minutes what is the exact difference
between stop at stop loss limit and
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stop-loss market or the next position is
either delivery or intraday delivery is
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that you buy the shares and it goes into
your d-mat account now you don't want to
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sell it off on the same day if your
intention is to buy and sell it on the
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same day then you choose the delivery a
position type as an intraday okay
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gif basically talks about again one more
concept time and force is the full form
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for that either it's day or it is IOC
day means what assume that I had put
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this buy price at 760 and 24 the whole
day till 3:30 the stopper is never goes
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down till 760 it just you know goes up
and down from 772 to 770 maybe seven six
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seven seventy six or seven sixty-six on
the lower side but doesn't touch 760
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then what the order gets automatically
cancelled how does it get automatically
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cancelled because the time in force is
only one day so at 3:30 if the price
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doesn't reach 760 your order will get
automatically cancelled what is ioc is
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is like Bajirao singham's style are
bigger be image it or cancel you you
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don't have time to even wait for one
minute or two minutes
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that's an IOC the style of an order okay
so I hope simple all concepts are clear
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next one is an amo in amo again you get
all the similar options so no need to
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discuss this same type again Co is a
cover order now what happens with the
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cover order let us understand I can put
again I'd put limit price only I put a
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buy price at 760 but immediately it asks
me what is your stop-loss so I feel this
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is the most disciplined way of putting
an order see I feel that if you are a
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good investor if you are a good trader
also for that matter your buy price and
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your stop-loss price should be very much
clear in your mind this is more
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applicable for a trader rather than an
investor though because investor is
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least bothered about daily movements for
a short term movement if you're a
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long-term investor it's okay then if you
don't go for a cover order but if you're
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a short-term trader this is a must you
must put in your stop losses okay
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so assume that I feel that I don't want
to go beyond 10 rupees as a stop loss
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okay so I can put what would be my
stop-loss amount here or I can even
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place how much rupees I am ready to take
as a hit okay so that's a cover order
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for you one cancels other this is my
personal favorite because this says that
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my target price is this much and my
stop-loss price is this watch both
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prices get defined at the same time so I
just quickly show you a demo for that
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assume one quantity have to buy buy
price is 760 my stop-loss see again let
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me just define it for you 10 rupees so
the moment I pressed and here it starts
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showing that it means that my stop last
stop-loss will be at 750
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I need not input this I just need to put
how much loss I'm ready to bear okay
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assume that with ten rupees loss I'm
expecting let us say 30 rupees profit so
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I feel that today this stock should
cross 800 rupees just as an example so I
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would press thirty rupees here the
moment I'm pressing thirty see 760 cut
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30 arrow 760 plus 30 it automatically
starts showing 790 in your target
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selling price I can change this if I
save 40 it will start immediately
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showing yes
800 okay then you have types of stop
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losses as well one is a regular
stop-loss one is a trailing stop loss
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again complex terms but maybe we can
have a separate video on what is the
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trailing stop loss because I think that
deserves
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separate ten-minute discussion on what
is the exact terminology of trailing
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stop loss how it helps you and how it
can be dangerous for you as well so as
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of now I feel understanding the concept
of stop loss and a target cell at the
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same time makes sense now
why is it called as one cancels other
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let's understand anything a very simple
way see them assume that this target
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selling price of 800 is hit so today the
stock reaches 800 then my buy the stock
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which I have bought will get sold at 800
so what happens this stop-loss order
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will automatically get cancelled that
does not stay in the market okay what
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happens on a contrary situation as a
contrary situation let us say instead of
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80 hitting 800 it hits 750 unfortunately
then what happens 750 Tony Tony oh so my
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sale price will be executed at 750 this
800 rupees will get automatically
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cancelled in this scenario right so
either this price gets hit or that price
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head gets hit whatever gets hits
whatever gets hit first the other will
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get automatically cancelled that is why
I feel that this Osio one cancels other
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is a very good type of order which up
stocks has in its total so if I were to
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place this I just say by now then it
gives a confirmation screen it says that
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one quantities to be bought at 760 the
type of order is also given complexities
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or Co one cancels all other and I say
bye okay see the moment I say bye then
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you can see here you have few more times
here orders positions I'll not show you
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what are my holdings okay I'll just go
to orders in orders you will say you
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will see that the status of this order
is open and I've put a by for that the
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price is 760 I don't want this top to be
bought right now let us say so what I
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can do is I just check this okay and
then I have this option of cancer and it
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asks me are you sure you wanna cancel
this order if I say yes this order gets
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cancelled now you can immediately see
and the status is cancelled okay the
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entire purpose of this video was just
show you that what are the different
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types of orders as of now after seeing
my various lectures on stock market I
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have received so many comments which say
that now we are pretty confident we want
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to buy some stocks we would like to buy
some stocks then how do we go ahead so
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that's why I thought of making this
video on types of orders
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so go ahead by at least one stock of
your choice do some research for that
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just don't buy because I am saying it
do your research by at least one stock
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jump into this amazing world of stock
market do let me know your suggestions
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in the description box I have given you
a link for opening an account with up
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stocks they have some promotional scheme
going right now wherein you can open a
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free account with up stocks till 31st of
August so I feel you should grab this
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opportunity and start your journey in
this amazing world of stock market right
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even if you have any other queries and
start in my show hashtag ask Russian our
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show you can put your queries in the
description box as well short
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description box basically gives you the
link to the ask rational show and it
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will divert you to the community tab and
in community tab you can go on asking
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your questions so feel free to ask
whatever questions you have keep on your
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research to the highest possible place
that's it from my side for today thanks
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a lot Jay
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you
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