Good Till Triggered (GTT)

## What it is A Good Till Triggered (GTT) order is a standing instruction that sits dormant until the stock reaches a price you set. Unlike a regular day order that lapses if unexecuted by market close, a GTT remains active for a long horizon — typically up to 365 days on Indian brokers — and only fires when your trigger price is met. It lets you set a plan and forget it, without watching the screen all day.

## How it works in India Brokers like Zerodha, Upstox, Groww and others offer GTT for NSE and BSE cash and often NSE F&O. There are two common variants:

- Single GTT: one trigger, e.g. "sell if price falls to ₹950" (a stop-loss) or "buy if it dips to ₹900." - OCO (One Cancels Other), often called a GTT-OCO: two triggers at once — typically a target and a stop-loss. When one fires, the other is cancelled automatically.

When the trigger hits, the GTT places your actual limit order; it is not guaranteed to execute if the price gaps past your limit. Importantly, with GTT no margin is blocked until the order triggers, and you must have the shares/funds available at trigger time, or the order can fail.

## Why investors use it GTT suits long-term investors and busy traders who want disciplined entries and exits without monitoring constantly. You can set a buy target below the current price for accumulation, lock in a profit target, and protect downside with a stop — all in advance. SEBI/exchange norms cap how many GTTs you can keep open (commonly around 50 per account).

## Cautions - Not a true GTC: Indian markets don't allow indefinite Good-Till-Cancelled orders; GTT is the broker-side substitute and expires after ~1 year. - No execution guarantee: a fast gap-down can blow through your stop-loss trigger and fill far worse, or not at all if it's a limit GTT. - Corporate actions (splits, bonuses) can invalidate a GTT, so review standing orders after such events. Used sensibly, GTT is one of the most practical risk-management tools available to retail investors.