Upstox is always looking for creative services for traders and investors. We make certain that each feature we offer is both useful and intuitive. Every new feature improves the Upstox experience by making it quicker, smoother, and more powerful, or all three.
The Good Till Trigger (GTT) order feature is one such new feature in Upstox. So, Let’s learn more about it.
What is a GTT order?
You can place an order and forget about it; we’ll take care of the rest!
All you have to do with GTT is specify your buy or sell price, your profit target, and the maximum loss you can sustain, and we’ll take care of the rest. We’ll place the order and tell you as soon as each appropriate price is triggered.
A GTT intraday order is good for that day only, while a F&O order is valid until it expires, and an Equity Delivery order is valid for a year. As a result, you won’t have to log in and place your order every day. Place and forget, and we’ll take care of the rest.
Benefits of Upstox GTT order
To trade with no worries! There are lots of advantages to use GTT. take a look at them.
Time Saving
You don’t have to keep check of markets every second once you place a GTT order. Simply set up and unwind!
Easy To Use
There are no complicated formulas or jargon in GTT.
You simply select whether you want to buy or sell above, below, or at the current market price. Place three orders at once by including a Stop Loss and a Target!
Manage Trades Better
Normally, when you buy a stock, you do not also place a sell order. However, using GTT, you can pre-determine and submit two sell orders in addition to your buy order.
The first is a Stop Loss: An order placed at a price below which you do not want to lose any more money. Another option is to use a Target: An order at a price where you’d like to profit exit.
How to place a GTT order on Upstox with Target and Stoploss?
Step 1: Go to your Upstox account and sign in.
Step 2: Pick an NSE Cash Stock or a Futures/Options scrip to invest in.
Step 3: Select a Buy or Sell side.
Step 4: Go to the “GTT order” tab.
Step 5: Type in the quantity you want.
Step 6: Choose either ‘Delivery’ or ‘Intraday’ as the product type.
Step 7: Choose ‘above’ if you wish to buy or sell scrip at a higher price than you specified.
Step 8: If you want to buy or sell scrip at the current price, select ‘immediately.’
Step 9: Choose ‘below’ if you wish to buy or sell scrip at a lower price than you specified.
Step 10: Turn on the ‘Add Stop-Loss, Target Orders’ toggle.
Step 11: Fill in the ‘Stop Loss’ and ‘Target’ columns with the desired percentage. (at least 0.25 percent)
Know Everything about Upstox GTT Order?
Conclusion
The Upstox mobile app platform’s Good Till Trigger feature allows you to trade and invest at your own speed. Choose your entry and exit points, place GTT orders, and leave the rest to our efficient and automated operations.