Trading in the stock market can be a challenging task, especially for beginners. One of the key tools that can help traders make informed decisions is the trigger price feature. In this guide, we will explain the trigger price feature and its related concept TPIN in the Zerodha trading platform.
A trigger price is a predetermined price at which a trader wants to execute a trade. For example, if a trader wants to purchase a stock at a lower price, they can set a trigger price lower than the current market price. Once the stock’s price reaches the trigger price, the trade will automatically be executed. This feature is particularly useful for traders who are unable to monitor the market continuously.
TPIN, on the other hand, stands for “Transaction Personal Identification Number”. It is a unique number assigned to the user’s account used as an added security feature to authorize trades on the Zerodha trading platform. It is a necessary step in the process of placing an order on Zerodha, ensuring that only authorized individuals can make trades on the account.
What is tpin in zerodha? A TPIN number is a unique number assigned to a user’s Zerodha account. It is used as an added security feature to authorize trades on the platform. A user needs to enter the TPIN number every time they place an order or make any modifications to their account.
Zerodha, one of the leading trading platforms in India, provides its users with the option to set trigger prices for both buying and selling of stocks. To set a trigger price, a trader needs to log in to their Zerodha account and navigate to the “Order” or “Trade” section. From there, they can select the stock they wish to trade and set the desired trigger price and other details of the trade. Once the trigger price is set, the trader will be prompted to enter their TPIN number to authorize the trade.
It is important to note that trigger prices are not guaranteed to be executed, as they are subject to market conditions and other factors. Therefore, it is advisable to set trigger prices in accordance with your risk tolerance and investment goals. Additionally, it is always recommended to keep an eye on the market and adjust your trigger prices accordingly.
In conclusion, the trigger price feature and TPIN in the Zerodha trading platform can be powerful tools for traders looking to make informed decisions. By setting trigger prices, traders can automate their trades and avoid missing out on opportunities in the market. However, it is important to use this feature responsibly and keep an eye on the market to ensure that the trigger prices are aligned with your investment goals.