How to Place GTT Order in Groww?

If you invest in the stock market and use the Groww app, you’ve probably seen the option for GTT order and thought, “What is this?” This blog will explain how to place a GTT order in Groww.
What is a GTT Order in Groww?
GTT stands for Good Till Triggered. It’s a special type of order that stays active until the stock reaches a price you set. Once that price is hit, your order is placed automatically. For example, you want to buy TATA Motors only if it falls to ₹950. Instead of opening the app every day and checking prices, just set a GTT order at ₹950. When the stock touches ₹950, the order will go to the exchange automatically.
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.
Placing GTT orders on Groww is easy. Just follow the steps above to place orders safely. Investors can also place other types of orders on the Groww app, such as limit orders and stop-loss orders. It all depends on how investors choose to utilize their funds.
GTT Order Benefits
- Saves Time: The order executes automatically, saving investors valuable time.
- Easy to Place: GTT orders are simple to place on the Groww app.
- No Charges: There are no charges for placing GTT orders.
- Efficient: GTT orders help automate trading, making the process more efficient.
When Should You Use a GTT Order?
Use a GTT order when you:
- Want to buy at a lower price: For example, you want to buy HDFC Bank, but only if it falls to ₹1,500. Set a GTT order at ₹1,500 and forget it.
- Want to sell at a higher price: For example, you own Zomato shares and want to sell only if the price reaches ₹180. Just set a GTT order and relax.
- Don’t have time to check stock prices all day: If you’re working, studying, or just busy, GTT saves you from constantly checking the app.
- Want peace of mind: It’s like setting a reminder that does the work for you. One-time setup, and Groww handles the rest.
Things to Know Before Using GTT Orders
Before you place a GTT order on Groww, keep these important points in mind:
- Not for intraday trading: GTT works only for delivery trades. You can’t buy and sell on the same day using GTT.
- No 100% guarantee of execution: Even if your price hits, the order might not go through, maybe due to low volume or price jumping too fast.
- Keep money in your Groww account: If you don’t have enough balance when the price hits, the order will fail.
- Set your limit price carefully: Your limit price should be the same or better than your trigger price. For example, trigger ₹200, Limit ₹200 or lower for buying. Higher for selling.
Conclusion
In conclusion, GTT orders on Groww are perfect for people who want to trade smart without checking the market all day. You just set your price, and Groww does the rest. It's simple, automatic, and best of all, free. So now that you know how to place a GTT order in Groww, go ahead and try it. It might just make your investing journey a whole lot easier.