What are cover orders and how to use them?

A Cover Order (CO) on TradeJini is a clever trading strategy crafted to effectively manage risks. When you place a Cover Order, you’re essentially merging a market or limit order with a stop loss order. This powerful combination ensures that you are aware of the maximum potential loss upfront, even if the market takes an unfavorable turn.

How does it work?

When you place a market or limit order, simultaneously set a mandatory stop loss order within a specified range. This dual-action approach automatically mitigates inherent risks. The brilliance of Cover Orders lies in their ability to decrease risk for both you and TradeJini, all while giving you the flexibility to leverage your positions more effectively.