How to Place GTT order on Zerodha?

GTT is stand food Good Till Triggered. Here placing orders on Zerodha is a great way for investors to automate their trade without having to watch the market all the time, so Zerodha just introduced GTT to let traders and investors set the target price. In this blog, we will discuss How to Place GTT order on Zerodha.

Step-by-Step Guidelines on How to Place GTT on Zerodha

Here are the steps given below on how to place a GTT on Zerodha:

1. Open the Zerodha app.

2. Choose any watchlist, If your watchlist is empty, then tap on search & add.

3. Then search your preferred NSE BSE, and then tap on the plus sign option.

4. Now here you can see the added option, now you have to tap on that option.

5. And then click on the Create GTT option.

6. Now set the trigger price, quantity, and price, and then slide to create GTT.

7. Now your GTT is created.

How to Modify the GTT order?

Here are the step-by-step instructions to modify the GTT order:

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 modify.

5. Tap on the Modify button.

 

6. Now modify the trigger price, quantity, and price, and then swipe to modify GTT.

Important Tip for Placing GTT Order on Zerodha

Here are some important tips for placing a GTT order on Zerodha:

• Trigger and order prices based on the market trend and try to avoid setting them too far from the current market price.
• Here you can cancel or modify your GTT orders at any before they are triggered, so it offers a cancellation service.
• You just ensure that you have sufficient funds in your trading account for buy orders and also enough stock holding for the sell order when the GTT is triggered.
• As this feature automates the process so it’s still good to occasionally monitor your order, at the time of market fluctuations.

Conclusion

In conclusion, placing a GTT on Zerodha is a very helpful feature that lets you automate your trading without watching the market all the time, so this feature is useful for the long-term investor who wants to increase profits or reduce the loss. So we hope our blog is helpful for you.