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GTT (Good Till Triggered) is a feature that lets you place buy or sell orders of any stock at market or limit price. These orders are valid for one year and will only be executed (triggered) when the stock price reaches your desired level. This way, you don’t have to monitor the stock price constantly.
GTT orders are not suitable for intraday trades because they have a long validity period.
Also Read: How to use Pivot Point in Intraday Trading
You can use GTT order to buy or sell stocks at your preferred price. As soon as the stock price matches your GTT trigger price, the order will be executed. If the stock price does not reach your level within a year, the order will expire.
For example:
Suppose you want to invest in ABC stock company, which is trading at Rs 441. But you think that the stock is overvalued and you want to buy it at Rs 420. You can place a GTT buy order at Rs 420. If the stock price drops to Rs 420, the GTT order will be triggered and you will buy the stock at this price.
GTT (Good Till Triggered) is a feature that lets you place an order that remains active until the trigger condition is met. The trigger condition is based on the Last Traded Price (LTP) of the stock. The trigger is valid for one year. When the trigger is met, a limit order is placed and executed if you have enough funds in your account. You will get a notification on your email and mobile device whenever a GTT is triggered and an order is placed on the exchange.
The trigger works only once. If the order is placed but not executed, you have to place the GTT order again.
There are two types of GTT orders:
You can set only one trigger where the order is placed when the LTP matches or crosses the trigger price. You can use the single trigger to enter or exit positions.
You can set both stop loss and target triggers in an OCO trigger. When one of the triggers is hit, the order is placed and the other trigger is cancelled.
GTT is free of cost and has no extra charges.
Also Read: Guide for cancellation of shares or placing cancel order
GTT (Good Till Triggered) is a feature that lets you place an order that remains active until the trigger condition is met. The trigger condition is based on the Last Traded Price (LTP) of the stock. The trigger is valid for one year. When the trigger is met, a limit order is placed and executed if you have enough funds in your account. You will get a notification on your email and mobile device whenever a GTT is triggered and an order is placed on the exchange.
Here are some facts that you should know about GTT:
GTT (Good Till Triggered) is a feature that lets you trade with ease and convenience. You can use GTT to place buy or sell orders of any stock at market or limit price. These orders are valid for one year and will only be executed when the stock price reaches your desired level. Here are some of the advantages of using GTT:
GTT (Good Till Triggered) are an alternative to GTC (Good Till Cancelled). GTT allows passive investors in the stock market to set their profit and loss targets without constantly monitoring the markets. However, GTT still lacks some features that GTC offers. Therefore, GTT should be improved to make it more comparable to GTC.
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