How to Place Buy & Sell Orders on m.Stock
With 1-click order placement, fast and stable platform, placing buy and sell orders on m.Stock is super easy and quick. You also have access to various types of orders like stop-loss limit, stop-loss market, cover orders, AMO, GTT and Basket orders etc.
Watch this video and place your first order with m.Stock today!
Transcript
How to Buy and Sell Stocks on m.Stock?
Buying and selling on m.Stock is super easy.
First, log in to your m.Stock account and begin your investment journey.
You can search for your preferred stock using the search bar at the top. Once you find the stock, click on Buy.
If you wish to place a delivery trade, select Invest. If you wish to place an intraday trade, select Day Trade.
You can also execute Pay Later (MTF) trades from here, allowing you to take larger positions even with limited funds through funding of up to 80%.
Mirae Asset offers Pay Later (MTF) funding at one of the lowest interest rates in the industry. In fact, through Pay Later (MTF) on m.Stock, you can invest in eligible stocks with an unlimited holding period.
After selecting the product type, enter the order quantity and choose either a Limit Price or a Market Price.
You can also place a Trigger Order to minimise your downside risk. This is commonly used for stop-losses or target prices.
Once the trigger price is set, your order is placed when the market reaches that price.
You can place Day or Good Till Triggered (GTT) trigger orders from here.
Next, click on Buy.
See? Super easy, right?
Your executed delivery orders will appear in the Order Book and will be reflected in your Portfolio after the next settlement day.
Intraday trades will not appear in your Portfolio. Instead, they will be displayed in the Positions tab along with their status.
Please note that if you do not exit your Day Trades before market closing, our Risk Management Team may automatically square off those positions.
To sell holdings, you must first verify them.
You can verify your holdings either each time using TPIN and OTP, or through a one-time DDPI activation.
This process is not required when exiting Day Trades.
Once your holdings are verified, go to your holdings and select the stock you wish to sell.
Next, enter the number of units you wish to sell in the quantity field.
For order type, you have three options:
Market, Limit and Trigger.
A Market Order is used when you want to sell immediately at the current market price.
With a Limit Order, you can set your own selling price.
With a Trigger Order, you set a trigger price, and when the market reaches that price, your sell order is automatically placed.
You can place two types of trigger orders from this screen: Day and Good Till Triggered (GTT).
If you have selected a Limit or Trigger Order, enter your desired price.
Before setting the price, you can view the permitted price range on the same screen.
From the Validity section, you can choose how long your order will remain active:
Day – valid for the entire trading day.
IOC (Immediate or Cancel) – the order is executed immediately, and any unmatched portion is cancelled straight away.
The Disclosed Quantity field is optional. Here, you may choose to disclose only a portion of your total quantity to the market.
Below, you will see the details of your required and available funds.
Ensure that your available funds are greater than the required amount.
After checking all the details, tap on the Sell button to place your order.
If required, you can modify or cancel pending orders from the Order Book page.
Even after following all the steps correctly, if your buy or sell order gets rejected, there is no need to worry.
The reason for rejection will be displayed immediately.
There can be several reasons for an order rejection, such as:
Insufficient funds.
The order price being above or below the circuit limits.
The scrip not being available for intraday trading.
The order quantity exceeding the freeze quantity limit.
So, as you can see, buying and selling stocks is super easy.
What are you waiting for? It cannot get any simpler than this.
Log in to the m.Stock app and place your orders today.
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Disclaimer: Investments in securities markets are subject to market risks. Read all related documents carefully before investing.
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