How to Place GTT order in Groww?
GTT is Good Trill Triggered. It remains active in the market until it matches the set price limit. Investors place this type of order by setting the price limit. The execution of the order takes place when the order matches the set price limit.
Steps To Place GTT Order in Groww
1. Open the Groww app on mobile/web.
2. Search the stock in the search bar and pick the stock.
3. Tap the “settings” option.
4. Set the order to “GTT Order”.
5. Now set the “Quantity and Trigger Price”.
6. Tap on “Buy”.
7. A GTT order will be placed.
On Groww GTT orders is easy to place. Just follow the above steps and place the orders safely. Also, investors can place other types of orders on the Groww app. Such as limit orders, and stop loss orders. It all depends on the investors and how to utilise the funds.
GTT Order Benefits
1. Saves Time: Since the order execution happens automatically hence saves the time of the investor.
2. Easy To Place: GTT order is easy to place on the Groww app.
3. No charges: For GTT orders there are no charges.
4. Efficient: Also efficient because helps in automating the trading.
Conclusion
The main advantage of GTT orders is that the price limit can be set accordingly. GTT order is valid for one year only on the Groww app. And the order will automatically be placed as it hits the trigger price limit. So investors do not need to worry about the execution of the order. Therefore this explains How To Place a GTT Order in Groww. For any queries comment down below.
After writing content around various niches, I got aligned towards finance and started writing content that provides finance insights.
