Yes, GTT is available for both buy and sell orders on the Samco app. However, how you use it differs depending on what you want to do:
Buy GTT You can place a Single GTT to buy a stock at a future price. When the stock falls to your trigger price, a buy order is placed automatically. This is useful when you have a target entry price in mind but do not want to monitor the market every day waiting for it.
Sell GTT – Single If you hold a stock in your portfolio and want to sell it when it reaches a certain price, you can place a Single GTT sell order. When the stock hits your trigger price, a sell order is placed automatically.
Sell GTT – OCO (One Cancels Other) OCO is available exclusively for selling stocks you already hold in your portfolio. It allows you to set both a target price and a stop-loss price for an existing holding at the same time. If the stock rises to your target, it sells automatically and the stop-loss is cancelled. If it falls to your stop-loss first, that sell executes and the target is cancelled. This way, your exit whether for profit or loss is handled automatically without you having to watch the stock.
Easy & quick
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