Is GTT available in Upstox?
- Asked By
- Updated On:31-Aug-2021
- Replies:1
Short Answer
GTT (Good till Triggered) is a type of order that lets you Buy or Sell stocks at a Limit price. A GTT order is similar to a Limit order. The main difference is the validity of the order. A Limit order is typically valid for 1 day whereas a GTT order is valid for 1 year. GTT order is provided by many Full service & Discount brokers.
Detailed Answer
What is GTT?
GTT denotes "Good till Triggered" which is a type of Buying option. GTT is a future included by some brokers under which you can buy and sell any security at your desired price. GTT is similar to a Limit order but which a longer validity. A limit order can be placed for either buying or selling a security. This is valid for 1 trading day or up to 3:30 pm. On the other hand, a GTT order doesn’t get cancelled after 1 trading day, instead, it remains active until the order is executed.
The maximum limit of a GTT order is 1 year, unlike other orders which are valid only for 1 day. GTT orders are a good option for buying or selling stocks at a specific price. For example, the current price of SBI is Rs 400 but I want to purchase it for Rs 380. A limit order at Rs 380 would not be sufficient as it will get cancelled at the end of each trading day. I will have to place a limit order every day to get the security at my desired price. To solve this problem GTT comes to the rescue.
Is GTT available in Upstox?
No, GTT as an Order type is not available in Upstox, but it offers a similar feature to a GTT. Upstox has a feature to set an alert for Buying or Selling a stock instead of GTT. Once the price reaches the target price, Upstox will send you a notification regarding the alert. By this, you can manually Place a buy or sell order at that price. This is not a GTT order buy it is somewhat similar to it. The validity of the alert is not limited to 1 trading day.
Unlike Zerodha who provides the GTT order type in the terminal which is automatically executed. Upstox has an alert feature that notifies you of the arrival of your desired price so that you can manually place your order.
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (0)
When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.
GTT or Good Till Triggered, is a feature of Zerodha that lets users execute trades based on a specific price point. It's quite helpful for those that want to trade in the stock market but have no time to keep track of their investments.
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.
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.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
Trigger price is the price entered by a trader during stop-loss limit and stop-loss market orders. Let's understand this in detail. In Zerodha following this mechanism is really simple.
If you are into stock trading, you might have often come across the abbrevations SLM and SL. So, here we'll be clarifying: What is SLM? What is SL? You'll also know the difference, SLM vs SL with examples.
Zerodha Kite allows you to sell shares either at market order or by placing stop loss. The order will be executed at the best available price.
You wish to know if Paytm Money is better that Zerodha or it's the other way round. Zerodha being a leading discount broker in India has been there for overe a decade now. While Paytm Money already established in mutual fund investment arena, but a fairly new entrant in stock broking industry. So, let's compare the features and discuss few details on each of them.
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.