GTT Full Form in Share Market

What is the Full Form of GTT in The Share Market?

The GTT Full Form in Share Market is Good Till Triggered. It’s a handy tool for investors, letting them set up their trades in advance. You can decide on a price at which you want to buy or sell shares, and then, you don’t have to keep watching the market all the time. This setup stays in place until the price you picked is hit.

How Does GTT Work?

Here’s the deal with GTT orders: you pick a price that, once the stock hits it, your order to buy or sell starts up automatically, based on the rules you’ve set. This way, whether you’re aiming to buy at a low or sell at a high, you don’t need to be glued to your screen. It makes investing a bit easier, especially if you’ve got a clear price in mind for getting in or out.

Types of GTT Orders

We’ve got two main kind of GTT orders:

  • Single Trigger: This one’s pretty straightforward. You set a price, and if the stock hits it, bam, your order goes through.
  • One Cancels the Other (OCO): A bit more complex, this option lets you set two prices, one where you take a profit, and another where you cut a loss. Hit one price, and the order goes off while canceling the other.

Things to Consider

GTT orders don’t last forever; they usually have a shelf life, like a year, before they’re called off if not triggered. Also, not every stock might be available for this kind of order, so check if yours is on the list.