Understanding GTT Full Form in The Share Market

GTT Full Form: In the world of stock trading, GTT (Good Till Triggered) is a feature that allows investors to set buy or sell orders in advance, based on their preferred price point. It’s designed to make trading simpler by enabling you to specify a price at which you’d like to enter or exit a trade. Once set, this price will automatically activate your trade if and when the stock reaches it, so you don’t have to monitor the market constantly.

How Does GTT Work?

Here’s how it operates: You specify a price for the stock, and once it reaches that threshold, your buy or sell order is automatically triggered according to the conditions you’ve set. This is helpful if you have a target price in mind for buying low or selling high, as you won’t need to keep checking the market—your GTT order does the work for you. GTT Full Form

Types of GTT Orders

There are two primary types of GTT orders: GTT Full Form

1. Single Trigger: This is the basic option where you set a specific price. When the stock hits that price, your order executes automatically.
2. One Cancels the Other (OCO): This option allows you to set two prices—a profit-taking level and a stop-loss level. Once one price is hit, the other order is automatically canceled, giving you a level of control over profit and risk.

Important Points to Keep in Mind

• Order Validity: GTT orders are not indefinite. Typically, they last for up to a year, after which they expire if they haven’t been triggered.
• Stock Availability: Not all stocks support GTT orders, so it’s best to verify that the stock you’re interested in is eligible for GTT before setting it up.

FAQs About GTT Orders

What is GTT in trading?

GTT stands for Good Till Triggered, an order type that allows you to set a buy or sell price in advance, executing automatically when that price is reached.

How long does a GTT order stay active?

GTT orders usually have a validity period of up to one year. If the specified price isn’t reached within that time, the order will expire. GTT Full Form

Can I modify a GTT order after it’s set?

Yes, you can typically modify or cancel a GTT order at any time before it is triggered. However, check with your brokerage for any specific guidelines.

What’s the difference between Single Trigger and OCO GTT orders?

A Single Trigger order sets just one target price for a trade, while an OCO (One Cancels the Other) lets you set two prices for either profit-taking or stop-loss. Once one price is reached, the other is canceled.

Do all stocks support GTT orders?

No, not all stocks are eligible for GTT orders. Check with your broker or trading platform to see if your chosen stock supports GTT orders.