GTT in Zerodha is an acronym for the Good Till Trigger feature offered by Zerodha that lets the investor select a trigger price and a set of predetermined conditions that as and when are met, an order is placed automatically. Can anyone share more details on this? Some examples to learn more on this.
GTT is a feature which allows you to set a trigger price, such that; if your trigger price is hit in a future date, a limit order will be placed on the exchange as per the limit price and preset conditions set by you.
Say, Company A is currently trading at ₹800 but you would like to buy it for ₹720. In this case, we can place a GTT order that shall be active until the price reaches ₹720 or 1 year whichever is earlier. Right! And, I feel GTT is all the more important for an investor who can’t or doesn’t keep a regular track of the stocks markets, I mean a not so active trader. Isn’t it so?
It is a very good feature which can also be used to cut down your emotions. For example, Reliance Ltd. gave multifold returns to traders and they have made positions at every level due to multiple investments coming in, but now due to Amazon-Future Coupons case, they are incurring losses. So, I feel it can also help you cut down emotions like excitement, fear, anxiety, etc.
Zerodha has made trading very easy after introducing GTT. As I am a swing trader so I use this interesting feature every single time for my trades and it helps me alot to make trading stress free.
GTT orders are targeted for those traders looking to invest in equity or other segments unless and until the price of the segment they want to invest in comes down to the desired price. It could be a week, month, or even a year, and once placed, it would execute the order of buying till the desired price is reached.
GTT orders can be used as a passive investment tool. If one has conviction in a particular stock and wants to add more of it to their portfolio then GTT is the best way to get that done. By simply placing a GTT order with the desired quantity and price will get the job done. This way the order will not need any daily monitoring and will be executed automatically when the price reaches your desired price.
GTT- Goods till trigger transactions are targeted at traders who want to exchange securities or other segments until the value of the category they want to engage in falls to a level that is close to the optimum efficiency. Its cuts down the worries of the traders and helps them to make their trades in an easier manner.
GTT in Zerodha stands for Good Till Triggered — a special type of order you can place through Zerodha’s Kite platform that waits for a specific price (the trigger price) and only places a regular exchange order when that price is hit.
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I understood that GTT in Zerodha (Good Till Triggered) is used when I don’t want to watch the market all the time. I can set a price, and when the stock reaches that level, Zerodha automatically places my buy or sell order.