Do you wish to reduce your losses in your intra-day trades? Do you wish to capitalize on market volatility? Now you can with ICICIdirect.com’s MarginPLUS facility.
A product especially designed for our intraday traders, MarginPLUS allows you to limit your losses on every position you take, and get higher leverage in equities trading, while trading intraday. With MarginPLUS, you can place two orders that simultaneously allow you to ‘book profits’ and ‘stop-losses’. You simply have to place a ‘market order’ or the ‘limit price’, along with a ‘cover order’, which specifies your preferred ‘Stop Loss Trigger Price’ (SLTP).
Placing the stop-loss order simultaneously with the market order (while taking a positon) reduces your risk automatically. The reduced risk in turn reduces your margin requirement as well, enabling you to get higher leverage while trading.
What’s more, MarginPLUS also provides you the option to protect your gains by placing a cover profit order at a limit price. The limit price is automatically executed when your profit price is reached. Once the profit price is reached, the opposite order is instantly reversed. The automated application means that you do not need to monitor the markets on a continuously.
Stock market volatility provides you with several opportunities to capitalise your investments, especially while trading intraday. So, take advantage of on market volatility and book profits with ICICIdirect.com’s MarginPLUS.
Boost your intraday trading with ICICIdirect's Margin Plus. You can now book your profits and cut down your losses by capitalizing on market volatility through the Margin Plus facility and get higher leverage in equities trading in your intraday trading.