Real-world example
You buy a stock at 100. You set a GTT sell order at 90. If the stock falls to 90 next month, it automatically sells to prevent further loss.
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Stop Loss vs GTT
Orders used to exit a trade automatically at a specific price to limit losses.
LiveSoonExplain like I’m 5
- Stop Loss (SL): An intra-day or valid-for-day order to sell if price hits X.
- GTT (Good Till Triggered): A long-standing order (valid for 1 year) mainly used by Zerodha/Groww.
- GTT is better for long-term investors or swing traders who don't watch the screen daily.
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Set mental stop losses that nudge you.