I have only limited experience in trading. But from what I read and learned from videos and trading sessions I understand we are advised to keep Stop Loss for our buy order or Sell order.In many trades I did in Alice Blue platform I am not finding any benefit to me due to the Stop loss price I have quoted, even though,market has crossed that price whether it is in selling or buying.why it is so.Then what is the purpose of keeping stop loss.
For example In a sell order I am keeping the sell price Limit as Rs.80/- and keep a stop Loss of Rs/- 82/- .Market moves up and it crosses Rs.82/- mark. But my sell order is priced at 80/- only. Then what is the purpose of keeping stop Loss
When I enquired with fellow traders with other broker they say they are getting the benefit of Stop loss and it is the action by broker they say. Can I get a clear explanation for this