How to cancel GTT order on Zerodha?
Zerodha offers several advanced trading features which include GTT orders but what if you want to cancel your GTT order, as there might be various reasons to cancel the order? As GTT orders allow traders or investors to set specific price levels for buying and selling stocks. In this Blog, we will learn how to cancel GTT order on Zerodha.
Step-by-Step Guidelines on How to Cancel GTT on Zerodha
Here are the steps given below on how to cancel a GTT on Zerodha:
1. Open the Zerodha App.
2. Click on the order tab.
3. Tap on the GTT button.
4. Now select the GTT that you want to Cancel.
5. Tap on the Delete button.
Reason to Cancel GTT Order
Here are some reasons why to cancel the GTT order:
- Change in Strategy, where you may have changed your trading or investment strategy, or make the GTT order irrelevant.
- In market conditions, there is a rapid change in price fluctuations and you might no longer want to trade at the previous set trigger price.
- Here you may need to allocate the funds to a different rule, requiring the cancellation of the pending GTT order, and then again placing the GTT order.
Conclusion
In conclusion, canceling the GTT order on Zerodha is very simple, whether you are adjusting your strategy, responding to market changes, or reallocating funds, as it allows the investor and trader to use easy cancelation at any GTT order.
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