BAJAJ BROKING
Make the most of market movements with GTT orders!GTT orders, or 'Good Till Triggered' orders, offer traders a convenient way to manage their trades. With GTT orders, traders can set buy or sell orders that remain active until a specific trigger price is reached. This trigger price acts as a signal for the order to be executed, automating the trade process without the need for constant monitoring.
GTT orders offer flexibility, with a validity lasting one year. If the order isn't executed within this timeframe, it will expire.
If the trigger price is not reached within the specified time frame, the GTT order expires and is automatically canceled.
Yes, traders can modify or cancel GTT orders at any time before they are triggered or executed.
To place GTT orders, you can select a stock, click on 'Create GTT', set trigger and limit price, and submit. Manage orders through the GTT page on Bajaj Broking.
The trigger price is the price at which their order will be activated or triggered for execution.
Good Till Triggered orders, allow investors and traders to set orders that remain active until triggered or canceled within a year.
A Good Till Triggered (GTT) order is useful for investors who want to automate their trading strategy. It allows you to set predefined conditions for your buy or sell orders, which are executed only when the specified conditions are met. This helps you avoid constantly monitoring the market and ensures that your orders are executed at your preferred price levels.
An example of a GTT order is setting a buy order for a stock at a specific price below its current market price. For instance, if a stock is currently trading at ₹1,000, you can place a GTT order to buy it at ₹950. The order will only be executed when the stock price drops to ₹950, allowing you to purchase the stock at your desired price without having to watch the market continuously.
No, GTT orders are not designed for intraday trading. They are meant for long-term or positional trades where you want to execute a buy or sell order when certain conditions are met, regardless of the trading session. For intraday trading, where positions are opened and closed within the same trading day, traditional market or limit orders are more suitable.
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