GTT (Good till trigger)
Overview
- GTT (Good till trigger) allows you to put buy and sell order on kite
- It has 1 year expiry date so it's good enough for cash trading
- You can put order anytime you want
Using GTT for Buying and Selling
- This is original purpose of GTT to buy and sell automatically based on trigger value
- This allows you to keep your eyes away from market and focus on work after buying selling is done
- There's multiple type of GTT orders but Most simple buy/sell order is most usefull for cash trading
- You can put multiple buy order even if you don't have money so which ever order got triggered first that will get executed
- Just put buy order when stock is about to breakout
When you place any buy order using gtt make sure to keep some extra funds for taxes or brokerage charges, without that order won't get executed
Using GTT for alerts
- I am using simple GTT buy order with 1 quantity and 1rs price as alerts, it gtt will get triggerd order will get rejected due to stock price lower than stock value
- Kite has seprate feature for putting alerts but one thing i dislike about alert is that it's hard to figure out which alerts are about to be triggered
- GTT display percentages from your trigger point, so it's easy to see which stock are close to breakout point
- This is really good advantage, you can review stock just before breakout and place buy order if it's really good
- Stocks moves really fast after breakout point so you can buy it at minimal risk reducing slippage
GTT Csv File
- Kite allows you to download GTT data in csv format
- So you can use that csv file for multiple things
- Ignore GTT stocks in screener
- get Stoploss from all stocks in Investing log
- get list of your priority stocks with trigger point in excel