Are you curious to know what is gtt order? You have come to the right place as I am going to tell you everything about gtt order in a very simple explanation. Without further discussion let’s begin to know what is gtt order?
In the dynamic landscape of stock trading, tools like GTT (Good Till Triggered) orders have become invaluable, offering traders flexibility and strategic advantages. This article delves into the intricacies of “What Is GTT Order,” exploring its functionalities, examples, and how it’s utilized across various stock trading platforms.
What Is GTT Order?
A GTT (Good Till Triggered) order is a type of advanced order in the stock market that allows traders to set predefined conditions for buying or selling a security. It offers the convenience of automating trades based on specific criteria without constant manual monitoring.
GTT Order Example:
To grasp the concept better, let’s consider an example. Imagine a trader wants to buy a certain stock, but only if its price drops to a specific level. By placing a GTT order with the trigger condition set to that price, the order remains open until the condition is met or the trader cancels it.
What Is GTT Order In Groww:
Platforms like Groww, designed for retail investors, also incorporate the GTT order feature. In Groww, investors can set GTT orders for stocks, allowing them to capitalize on market opportunities without actively tracking the stock prices.
What Is GTT Order In Stock Market:
In the broader context of the stock market, a GTT order provides investors with a powerful tool to implement trading strategies. Whether it’s setting a trigger for buying at a dip or selling at a profit, GTT orders offer a level of automation to trading decisions.
What Is GTT Order In Upstox:
Upstox, a popular online brokerage platform, provides users with the functionality of GTT orders. Traders on Upstox can use this feature to streamline their trading process, ensuring that their predefined conditions are executed even when they are not actively monitoring the market.
What Is GTT Order In Zerodha:
Zerodha, a leading stock brokerage firm, integrates GTT orders into its platform, empowering traders with the ability to set long-term investment strategies. Whether trading in equities or options, Zerodha’s GTT order feature caters to a diverse range of trading preferences.
Zerodha GTT Order For Options:
For options traders using Zerodha, the GTT order functionality extends to the options market. Traders can set specific conditions for options trades, ensuring that their strategies are executed based on market movements.
GTT Order In Angel Broking:
Angel Broking, another player in the brokerage industry, also provides the GTT order feature. Traders using Angel Broking can leverage GTT orders to optimize their trading decisions, aligning with their investment goals and risk tolerance.
How To Place GTT Order In Zerodha:
Placing a GTT order in Zerodha involves a straightforward process. Traders can access the GTT order section, choose the stock or option, set the trigger conditions, and confirm the order. This simple yet powerful feature enhances the efficiency of trading on the Zerodha platform.
Conclusion
In conclusion, the GTT order is a valuable tool that empowers traders to navigate the complexities of the stock market with precision and efficiency. Whether on platforms like Groww, Upstox, Zerodha, or Angel Broking, the GTT order feature offers a strategic advantage by automating trading decisions based on predefined conditions. As technology continues to shape the landscape of financial markets, the GTT order stands as a testament to the evolving tools available to traders, enabling them to execute well-informed and strategic trades in an ever-changing market environment.
FAQ
What Is GTT Order And How It Works?
What is ‘GTT’ ? GTT (Good Till Triggered) is a feature that allows users to place buy or sell orders of any stock at market or limit price. These orders are executed (triggered) once the market price of the stock reaches your desired price i.e the price you mentioned in the GTT Order. GTT orders are valid for 1 year.
What Is The Difference Between GTT And Limit Order?
A single GTT is a trigger which is valid for only one time, after a limit order is placed. In case a limit order is placed due to the Trigger Price being breached or for any other reason on any particular day, but the limit order is not exactly met on the same day, such GTTs will be required to be placed once again.
How Many Days Is A GTT Order Valid For?
A GTT (Good Till Triggered) order remains valid for one year from the date of placement. Once the trigger is hit and the order is successfully placed on the exchange, the trigger is automatically deactivated. Deactivation occurs irrespective of whether the order is executed or completed on the exchange.
What Is Difference Between GTT And Stop-Loss?
GTT stands for Good Till Trigger. It is an order type offered by various brokerage platforms that allows you to place an order to buy or sell a stock or index option with predefined conditions. These conditions can include a specific trigger price, target price, or stop-loss price.
I Have Covered All The Following Queries And Topics In The Above Article
GTT Order Example
What Is GTT Order In Groww
What Is GTT Order In Stock Market
What Is GTT Order In Upstox
What Is GTT Order In Zerodha
Zerodha GTT Order For Options
GTT Order In Angel Broking
How To Place GTT Order In Zerodha
What Is GTT Order