Definition
Good Till Triggered (GTT)
A GTT order stays active for a long period (up to a year) and automatically places a buy or sell order only when your chosen trigger price is hit.
A GTT lets you set a price condition in advance without keeping the order active in the live order book or your funds blocked. For example, set a GTT to buy a stock if it falls to ₹950, or to sell if it rises to ₹1,200, and it fires only when the market reaches that level.
GTTs are popular with long-term investors for setting target-based exits or planned entries without monitoring screens daily. Note they are a broker-side feature (not a true exchange order) and convert to a regular order only when triggered.
Related terms
- After-Market Order (AMO)An after-market order is an order placed outside regular trading hours that is queued by the broker and submitted to the exchange when the market next opens.
- Limit OrderA limit order specifies the maximum price a buyer will pay or the minimum a seller will accept, executing only at that price or better and resting in the order book until it can be filled.
- Stop LossA stop loss is a pre-set order that triggers an automatic sell (or buy, for shorts) once a security hits a chosen price, capping your loss without you having to watch the screen.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.