Here's how to set up a trailing stop loss to protect your positions on Upstox Web,

Stepwise process

1. Find your position. Go to the Positions tab and click on the position you want to protect.

2. Open trailing stop loss.

Pick whichever method works for you.

• Option 1: Hover over the position, then click the three dots, then select 'Trailing Stop Loss (TSL)'.

• Option 2: Click 'Square Off', then turn on the trailing stop loss toggle.

• Option 3: Click directly on 'Trailing Stop Loss'.

3. Enter your details.

Fill in these three fields.

• Limit price - Your exit price.
• Trigger price - When the stop loss activates.
• Trailing gap - The distance your stop loss will maintain.

Click 'Review sell order' when done.

4. Submit the order. Double-check everything on the summary screen and hit 'Submit order'.

5. Track your order.

6. Click 'View more' on your order to check your trigger price and trailing gap whenever you need to.