In the world of stock trading, timing is everything. To make the most of market opportunities, Traders need to execute their orders at the right moment. This is where GTT (Good Till Triggered) orders come into play. In this article, we will delve into the concept of Gtt Orders and explore how they work on the Zerodha trading platform.

What is GTT?

GTT, or Good Till Triggered, is a type of order that allows traders to set specific conditions for executing their trades. Unlike regular market or limit orders, which are valid only for the current trading session, GTT orders remain active until the specified trigger condition is met, even if it takes several days or weeks.

How does GTT work? 

When placing a GTT order, traders can set two primary parameters: trigger price and limit price. The trigger price is the level at which the order gets activated, while the limit price is the maximum or minimum price at which the trade will be executed. Once the trigger price is reached, the GTT order automatically gets converted into a regular market or limit order, and the trade is executed at the specified limit price or the best available price in the market.

Advantages of GTT orders:

Flexibility: GTT orders provide traders with the flexibility to set their desired entry or exit points in advance. This allows them to take advantage of market movements even when they are not actively monitoring the markets.

Risk management: 

By setting specific trigger and limit prices, traders can effectively manage their risk. GTT orders can be used to limit losses by triggering a sell order if the price drops below a certain level or to book profits by triggering a buy order if the price rises above a specified level.

Time-saving: 

GTT orders save time for traders by eliminating the need to constantly monitor the markets. Once the order is placed, traders can focus on other aspects of their trading strategy or engage in other activities, knowing that their orders will be executed when the specified conditions are met.

GTT orders on Zerodha: 

Zerodha, one of the leading discount brokerage firms in India, offers GTT orders as part of its advanced trading features. Traders can access the GTT feature through the Zerodha Kite web or mobile application. The platform allows users to set multiple GTT orders simultaneously and provides real-time notifications when the trigger conditions are met.

Conclusion: 

GTT orders are a valuable tool for traders looking to automate their trading strategies and capitalize on market opportunities. By setting trigger and limit prices, traders can ensure that their orders are executed at the right time and at their desired prices. With Zerodha's GTT feature, traders can take advantage of this powerful tool and enhance their trading experience. So, if you are a Zerodha user, make sure to explore the GTT feature and unlock the potential of automated trading.