The trader can place the order on Zerodha Kite mobile trading app by buying or selling the stock in a single trigger option or under OCO (One Cancels Other), where the trader can put two trigger options — trigger and stop loss.
- Single Trigger for Buy Order and Sell order
For instance, in Buy Order, the current price of Jet Airways is 85, and the trader places the GTT order under trigger type — single to 100. The trigger price needs to be more than the current market price.
If the trigger price hits 100, the order will get automatically placed. In case if the price doesn’t hit 100 on the day it sets, it gets canceled, and the user needs to place the order again.
The trader can set the trigger price as numbers or by percentage (% of LTP). Single Trigger is used to buy single holdings.
For instance, in Sell Order, the current holding price of Wipro is 708, and the trader place a GTT Sell order under a single trigger type — 715. Thus when the price hit 715, the order gets executed.
For instance, the current price of Reliance is 700; the trader place the order on GTT order — OCO option: Trigger 717 and Stop loss at 840. In OCO, if one trigger hits, the other one gets canceled automatically.
Under the OCO, when the trader selects stop loss, the order automatically releases when the amount hits the stop-loss trigger.
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