Q: Why is my trade stuck at “Waiting for Entry”?
If you find your trade stuck in the "Waiting for Entry" status, it's likely because you've specified an Entry Price that hasn't been reached yet. Let's delve into this scenario further to help you understand why.
Q: What does "Waiting for Entry" mean?
"Waiting for Entry" occurs when you set a specific Entry Price while placing a trade. Essentially, the trade will only execute once the market price reaches this specified entry point.
Q: How to avoid "Waiting for Entry"?
There are two primary ways to avoid getting stuck in the "Waiting for Entry" limbo:
1. Set Entry Price Close to Last Traded Price. When specifying an Entry Price, it's important to keep it close to the Last Traded Price (LTP) of the instrument you're trading. For example, if the LTP of ABC stock is 1000 Rs, avoid setting the Entry Price as 100, as it's far from the current market price. Such a wide gap could mean a prolonged wait for the price to reach your specified entry point.
2. Skip Adding Entry Price. Remember, specifying an Entry Price is optional. If you're unsure about setting a specific entry point or want to trade at the current market price, you can simply skip adding an Entry Price. This way, your trade will be executed at the Last Traded Price (LTP) without delay.
Q: I have already specified an Entry Price far from LTP, and the trade isn't entering. What can be done now?
If you find yourself in this situation, here's what you can do :
1. Modify Trade : Choose "Modify Entry Price" and set a new price closer to the LTP.
2. Use LTP : Alternatively, tap "Use LTP" to execute the trade at the current Last Traded Price.
If you have any further questions or concerns, feel free to reach out to our support team via the app for help. We will be happy to assist you!