1.6.3 · HinglishOrder Types & Mechanics

Understand GTT (Good Till Triggered) orders

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1.6.3 · Stock-Market › Order Types & Mechanics


GTT exist KYUN karta hai?

Naam se behaviour decode hota hai:

  • Good = instruction alive / valid hai.
  • Till Triggered = yeh tab tak alive rehti hai jab tak trigger price hit na ho jaye (ya phir expire ho jaaye, usually ~1 saal baad).

GTT EXACTLY kya hai? (mechanics)

Do crucial prices jo tumhe set karni padti hain:

Price Yeh KYA karta hai
Trigger price "Alarm". Jab LTP iske paas pahunche, order placed ho jaata hai.
Limit price Woh actual price jis par limit order place hota hai (trigger hone ke baad).

Single-leg GTT KAISE fire karta hai? (step by step)

Maano stock abhi ₹520 par trade kar raha hai. Tum ₹500 par dip hone par BUY karna chahte ho.

  1. Trigger = ₹500, Limit = ₹501 (buy) set karo.
  2. Order broker app mein "pending/active" state mein chala jaata hai. Exchange book mein abhi kuch bhi nahi hai.
  3. System check karta rehta hai: kya LTP ≤ 500 hai?
  4. Din beette jaate hain. Ek din LTP girta hai aur ₹500 touch karta hai → triggered.
  5. Ab real exchange order book mein ek limit BUY at ₹501 place ho jaata hai.
  6. Yeh fill hota hai agar koi seller ≤ ₹501 par available ho. GTT ab complete ho gaya (ya partially filled).

OCO / Two-leg GTT (asli powerful move)

Figure — Understand GTT (Good Till Triggered) orders

Aur kuch worked examples


Forecast-then-Verify drill


GTT vs normal order — key contrasts

Feature Normal order GTT
Lifespan 1 din ~1 saal tak
Exchange book mein turant sirf trigger ke baad
Tumhe dekhna padta hai haan nahi
Two-sided exit (OCO) nahi haan

Flashcards

GTT ka full form kya hai aur uska core behaviour kya hai?
Good Till Triggered — ek standing conditional order jo valid rehti hai (~1 saal tak) jab tak uski trigger price hit na ho, phir ek limit order place karta hai.
GTT mein trigger price aur limit price mein kya fark hai?
Trigger price = woh level jo order launch karta hai; limit price = woh price jis par resulting limit order actually placed hota hai.
BUY GTT mein limit price, trigger price se kaise related honi chahiye aur kyun?
Limit ≥ trigger, upward slippage allow karne ke liye taaki order actually fill ho.
SELL/stop-loss GTT mein limit, trigger se kaise related honi chahiye?
Limit ≤ trigger, taaki sell ek downward gap survive kare aur phir bhi fill ho.
OCO (two-leg) GTT kya hai?
Ek order jismein ek upper profit-book trigger aur ek lower stop-loss trigger hota hai; jab ek trigger hoti hai, doosri automatically cancel ho jaati hai.
Ek pending GTT order trigger se pehle kahan exist karta hai?
Sirf broker ke system mein — exchange order book mein NAHI, isliye jab tak trigger na ho tab tak koi margin block nahi hota.
Kya GTT trigger ho sakta hai lekin execute nahi ho sakta?
Haan — trigger sirf ek limit order place karta hai; agar market limit price ke past gap kare, toh woh fill nahi ho sakta.
Current price se neeche dip par buying ke liye trigger condition kya hai?
Tab fire karo jab LTP ≤ trigger price.
Current price se upar breakout buy ke liye trigger condition kya hai?
Tab fire karo jab LTP ≥ trigger price.
GTT kitne samay tak chalta hai ek normal order ke muqable mein?
GTT ~1 saal tak; ek normal order usi din market close par expire ho jaata hai.

Recall Feynman: 12-saal ke bacche ko samjhao

Socho tum ek toy kharidna chahte ho lekin sirf tab jab woh ₹500 mein sale par aaye. Tum puri week shop mein nahi baith sakte. Toh tum shopkeeper ko bol dete ho: "Jis moment price ₹500 tak gire, mujhe ring karo aur khareed lo." Woh message hi GTT hai. "₹500" trigger hai — alarm. Jab alarm bajta hai, shopkeeper actually kharidta hai, lekin tumne usse yeh bhi bola tha "₹501 se zyada mat dena" — woh limit hai. Aur OCO ka matlab hai: "Meri toy ₹700 tak zoom kare toh becho, YA ₹550 tak crash kare toh becho — lekin obviously ek baar hi bech sakte ho, toh jo pehle ho jaaye, doosra bhool jao."

Connections

Concept Map

market close par expire

solved by

hai ek

wait karta hai jab tak

cross karta hai

tab place karta hai

fill hota hai

alive rehta hai jab tak

BUY: limit >= trigger

SELL: limit <= trigger

nahi hai

Normal order

Problem: roz dobara enter karna padta hai

GTT order

Conditional standing order

Trigger price hit ho

Last Traded Price

Limit order in exchange book

Limit price par

Trigger hit ya ~1yr expiry

Slippage allow karo

Execution price myth