GTT Order in Stock Market
What is GTT Order?
GTT stands for good till Triggered. It allows us to place orders at a predetermined price. Your order will get triggered only if stock reaches that specified price.
What are GTT orders? GTT Order in Stock Market cannot be placed in intraday, it can only be placed in derivates and delivery. When you place a GTT order at Limit, your order has unlimited time to triggered. It means you don’t have to log in and place orders daily. Just place a GTT order and forget. GTT order placed in F&O segment is valid till expiry and GTT order placed in Equity delivery is valid for a year.
Features of GTT Order
• Order once placed does not need frequent monitoring.
• Simple order.
• Longer validity of orders.
• You can place orders at your desired price.
• Very useful for those who are very less involved in trading.
Why Use GTT Order
A Good 'Til Canceled (GTC) order, also known as a GTT (Good 'Til Time) order, is a type of order used in financial markets to buy or sell a security at a specified price that remains in effect until it is either executed or canceled by the investor. Here are some reasons why investors might use GTT orders:
1. Convenience – GTT orders allow investors to set their prices for buying or selling a security and monitor the market to execute the Trade.
2. Time saving- GTT orders placing orders manually each time the Market conditions align with desired price, investors set up GTT orders and the system handle execution when the condition are met.
3. Capturing opportunities: GTT orders can be used to capture trading opportunities that may arise outside of regular trading hours or during periods when the investor is unable to actively participate in the market.
4. Risk management: By setting specific price levels for buying or selling securities, investors can manage their risk more effectively. GTT orders can be used to automatically trigger trades to limit potential losses or lock in profits.
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