How to Place Your First Trade in Zerodha For Intraday Trading

Buy/Sell trades can be placed by selecting the stock from the watch list, buy/sell buttons, market quotes, candlestick charts and news information and even from the previous traded orders. 

The trade placing facility depends entirely on the trading platform and the features provided by your stockbroker.

Click on the “B” button and an order entry tab will popup where you need to fill in the order details like order type, quantity and then click on the buy button.

Likewise, you can click the “S” button to open the sell order entry tab.

The buy order complexity gives you the option to place regular (without any stop-loss), cover order (CO) and aftermarket orders (AMO). 

        

You can select the order type to be a market order or as a limit order. 

The market order gets executed immediately whereas you need to wait for the price to hit your specific level for the limit order to get executed. 

The order position type is where you can define the order to be a delivery order (CNC) or an intraday (MIS) order. 

All the intraday orders need to be squared off (closed) before the end of the trading session at 3:30 pm. Ideally, you should exit them before 3:20 pm so that you do not miss any intraday order. 

Your broker might charge you for squaring off your pending intraday orders on your behalf.