What are cover orders and how to use them?

Cover orders are a type of order that combines a buy/sell order with a stop loss order. This type of order is commonly used to limit risk when trading on the stock market. Essentially, when you place a cover order, you're simultaneously placing an order to buy/sell a certain stock, and an order to sell/buy the same stock at a certain stop loss price. This can help to limit your potential losses if the price of the stock moves against you. In order to use cover orders, you'll need to make sure your broker supports them.

Click here to know about how to place a cover order.