Both GTT and a regular Limit order let you specify the price at which you want to buy or sell. The key difference is how long they stay active.
Regular Limit Order A regular Limit order is valid only for the current trading day. If the stock does not reach your specified price by 3:30 PM, the order is automatically cancelled. You would need to place it again the next day if you still want to trade at that price.
GTT (Good Till Triggered) A GTT order has a lifetime validity — it stays active until the stock hits your trigger price, regardless of how many trading days pass. You set it once and it remains in the system until it is triggered, cancelled by you, or expired. There is no need to place it again every day.
For example, if you want to buy a stock when it falls to ₹500 but it is currently trading at ₹600, a regular Limit order would get cancelled at the end of day without executing. A GTT order, on the other hand, will wait across days, weeks, or even months until the stock actually reaches ₹500 and then place your order automatically.
Easy & quick
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