Comment on Introducing GTT – Good Till Triggered orders
commented on
31 Jul 2019, 11:44 PM
Hi I have few doubts on placing an OCO order. Say the LTP for a stock is 100, I have set the Stop loss Trigger price as 50 and the limit price as 48 with quantity 5 and Target Trigger price as 150 and limit price as 152 with quantity 5. After placing this OCO, the below scenario happens.
1) Say if the LTP is 50, so my Sell Limit order of 48 is placed. So when the LTP moves to 48, then my trade is executed and this will be successful only if i have 5 shares in my demat account already?
2) Consider the LTP moves to 49 in after trading hours, when the trade starts next day, I think the Sell Limit order of 48 will be triggered and if the LTP moves to 48, then my order gets executed. Is that right?
3) Consider the LTP moves to 45 in after trading hours, when the trade starts next day, I think the Sell Limit order of 48 will be triggered and at what cost my trade gets executed ? Will it be a market order automatically and gets executed at 45?
4) Say if the LTP is 150, so is it a Buy Limit order of 152 will be placed ? If So, then when the LTP moves to 152, then my trade is executed and this will be successful only if i have enough equity right?
5) Consider the LTP moves to 151 in after trading hours, when the trade starts next day, I think the Buy Limit order of 152 will be triggered and if the LTP moves to 152, then my order gets executed. Is that right?
6) Consider the LTP moves to 155 in after trading hours, when the trade starts next day, I think the Buy Limit order of 152 will be triggered and at what cost my trade gets executed ? Will it be a market order automatically and gets executed at 155?
7) Say if the LTP is 150, if a Buy Limit order of 152 is placed, If So, then when the LTP moves to 152, then my trade is executed. So if i wanted to sell the stocks at 170, then i can place a separate Sell GTT on the same day or only after the shares get added to my Demat (T + 2 ), i can sell the stocks.
As i am new to trading, I know, it’s lot of doubts 😀