What is the exact GTT meaning in Share Market
GTT stands for "Good Till Triggered" and is a type of order used in the GTT stock market. what is GTT in stock? GTT orders allow traders to set up automatic buy or sell orders that will only be executed if certain conditions are met.
A GTT in stock market order remains active until it is triggered or until the trader cancels it. The trigger condition for a GTT order can be a price level or a time frame. For example, a trader might set a GTT order to buy a stock if it reaches a certain price or sells it if it drops to a certain level. GTT full form in stock market stands for "Good ‘til Cancelled," indicating an order to buy or sell a security at a specified price that remains in effect until it is either executed or canceled by the investor
Some key features of GTT (Good Till Triggered) orders in the share market are as follows:
• GTT orders allow traders to set up automatic buy or sell orders that will only be executed if certain conditions are met.
• GTT orders remain active until triggered or cancelled by the trader.
• They are useful for traders who want to take advantage of price movements without having to constantly monitor the market.
• GTT Stock analysis orders can be used to enter or exit a position at a specific price point, protect profits, and limit losses.
• There are several different types of GTT orders, including stop loss, stop limit, take profit, and trailing stop.
• GTT orders are supported by most online brokerages and are easy to set up.
• GTT order is a useful tool in a trading strategy.
There are several different types of GTT orders that traders can use:
Stop Loss GTT Order: This is the most common type of GTT order. It is used to limit potential losses by automatically selling a stock if it drops below a certain price level.
Stop Limit GTT Order: This type of GTT order combines a stop loss order with a limit order. It is used to limit losses while also ensuring that the trader receives a certain price if the stock is sold.
Take Profit GTT Order: This type of GTT order is used to lock in profits by automatically selling a stock if it reaches a certain price level.
Trailing Stop GTT Order: This type of GTT order is used to protect profits by automatically selling a stock if it drops a certain percentage below its highest price since the order was placed.
GTT orders are supported by most online brokerages and are easy to set up. Traders can specify the trigger condition, the stock they want to trade, the quantity they want to buy or sell, and the duration of the order.
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