What is GTT in Upstox? Goods till Triggered
Short Answer
GTT is a feature which works when the price set by an individual is met in a specific period. Let's gather some more details on GTT or Goods Till Triggered feature offered by Upstox and other stockbrokers in India.
Detailed Answer
About Upstox:
Upstox is a discount broker or a trading platform which offers commodity, equity, and currency. It has paperless account opening and is also one of the India’s fastest growing and developing brokers. It is also backed up by Mr. Ratan Tata and holds 1.33% stake in this online platform. Trading, research, charting, and several other trading features are available on the Upstox trading platform. It is also a listed member of NSE, BSE, and MCX.
Meaning of GTT:
- GTT- Good Till Triggered is also called as GTC- Good Till Cancel.
- GTT or GTC means that the order you sent to the broker is placed in the order book but triggered only when a particular price is sparked.
- Trigger price specifically means a price set by an individual on any buy or sell order which will only be executed once its met.
- That trigger of price on the order will be valid for one year.
- After one year of its validity, it cannot be used anymore so an individual needs to reset it.
- When a trader wants to make sure that his purchase order does not operate at a value greater than his trigger price and his sell order does not operate at a price lower than his trigger price, he uses this order method.
- It is not essential that if the trigger value is set, it will be executed.
- Once the trigger price is set but not executed for any reason then you need to reset it because it is effective for one time only.
GTT /GTC Facts in Detail:
- Usually, it is a paid feature as granted by the brokers.
- It is accessible only during the market hours.
- It can be cancelled anytime without any restrictions.
- It can be placed both on buy and sell orders.
- It is also a great decision for people who cannot monitor the stock market or the trading platforms on a regular basis.
- On the NSE and BSE, the GTT feature is only available for CNC style orders in the Equity cash segment.
- One account can have a maximum of 50 active GTTs at any given time.
- An order will be put at the chosen limit price if the Last Traded Price (LTP) of a scrip leaps greater than the trigger price chosen, or if the LTP activates at a gap up or gap down violating the specified trigger price.
Why Trigger Price is not executed?
Limit orders that are not under the circuit price are rejected and will not be applied.
Limit orders:
It can only be bought and sold at a particular price as in buy price at a limit price or lower and selling price at only limit price or greater than that. Basically, a particular limit is set for buying a selling that is the limit price.
Circuit price:
The regular price range in intraday stocks that shows instability and movement is called circuit price.
Is Upstox safe, good & reliable broker for stock trading & investment? Yes, Upstox is safe, good and a very reliable stock broker for trading and long term investing. Being registered with SEBI, NSE, BSE, MCX and CDSL the stock broker has built a good reputation and a decent customer base over the years.
What is GTT in Zerodha? Charges & How can I use it? 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.
Is RKSV and Upstox Same or Different? They are the same brand. There is no difference as since 2012, RKSV started offering retail broking. But in 2016, the company renamed itself Upstox. Every segment that Upstox has to offer is one and the same with the only different being in the name and nothing else.
Is Upstox backed by Ratan Tata? Yes, the Indian discount broker is backed by Mr. Ratan Naval Tata. He held a 1.33% stake in RKSV Securities (popularly knows as Upstox) at the beginning of the year 2019. RKSV in RKVS Securities stands for the initials of the names of founders (RK for Ravi and Raghu Kumar, and SV for Shrinivas Viswanath).
What is Square off in Upstox & Other Trading Platforms? Talk of square off in Upstox or any other stock trading platform in India it points towards completion of your intraday transactions. Let's see how it is! The meaning of square off remains the same whether its Upstox or any other stock broker in India for that matter.
What is UCC ID in Upstox? Means, Full Form, User ID UCC ID in Upstox simply means Unique Client Code. Now, let's discuss all about UCC ID in detail. A unique ID for each client that can be used while you log in your Upstox account. Once you submit your application, and complete all the demat and trading account opening formailities, a UCC ID shall be generated for your individual account that's forwarded on your e-mail id and mobile number.
What is IOC in Upstox? IOC stands for Immediate or Cancel, which means if an order is not executed immediately under a given time frame, it will be liable to cancel.
How to Close Upstox Account? Online Form What happened, so you are looking to close your Upstox Demat and Trading Account? The reasons could be many and any. You are here means, you are searching how to close Upstox account. So, let's dig into the demat account closure process.
Where to invest money for good returns in India? High Return Investments We all look to earn good returns on the money we invest. Putting money in High return investments is one way of generating better income. The different places to get good returns are mutual funds, equity, and gold investment in India.
What are advantages of Opening Demat and Trading account with Upstox? Upstox is a great discount stock broker that provides excellent features at a lower cost. Some of the benefits of using Upstox are margin against shares, free equity delivery, ultra-low brokerage, bracket order, and cover order availability, mutual without any commission fee, excellent trading platforms, and more.