Table of Contents
What is a GTD (Good-Till-Date) order in stock trading?
How does a GTD order differ from a regular day order?
How is a GTD order different from a regular limit order?
What are the key benefits of placing GTD orders?
How do I place a GTD order through your trading platform (mobile or web)?
Can GTD orders be placed outside of market hours?
What types of orders are allowed under GTD validity?
Which segments and product types support GTD orders?
How long can a GTD order remain valid?
What happens if my GTD order is not executed before the expiry date?
Can I modify or cancel a GTD order after placing it?
How do I cancel a GTD order properly?
Can I place both buy and sell GTD orders?
Is my GTD order guaranteed to be executed?
What happens if the stock hits my GTD order price after the expiry date?
Is there any additional fee for using GTD orders?
Why should long-term investors consider GTD orders?
Need help getting started with GTD orders?
What is a GTD (Good-Till-Date) order in stock trading?
A Good-Till-Date (GTD) order is a type of limit order that allows you to specify a future expiration date, up to 365 days, during which your buy or sell order remains active in the market. If your order conditions are met during this period, it will be executed. Otherwise, the order will be automatically cancelled on the set date.
How does a GTD order differ from a regular day order?
Regular day orders are valid only for the current trading day and expire at the end of the session if not executed. In contrast, GTD orders remain valid until the user-defined date or until they are filled—whichever comes first—making them ideal for longer-term trading strategies.
How is a GTD order different from a regular limit order?
A standard limit order is valid only for the trading day it’s placed. GTD limit orders, however, continue to remain active until your chosen expiration date (up to 365 days), eliminating the need to re-enter the order daily.
What are the key benefits of placing GTD orders?
GTD orders offer:
- Flexibility to target specific price points over time
- Automation of order validity without daily intervention
- Better alignment with trading strategies and market timing
- Enhanced control over portfolio management and order tracking
How do I place a GTD order through your trading platform (mobile or web)?
Follow these steps:
- Go to the "Place Order" section
- Choose the “GTD” validity option
- Set your desired expiry date
- Enter the quantity and limit price
- Click “Place Order” and confirm
Can GTD orders be placed outside of market hours?
Yes, GTD orders can be placed during non-market hours. These orders will be queued and automatically activated when the market opens on the next trading day.
What types of orders are allowed under GTD validity?
Currently, GTD functionality is available only for Limit Orders. Market orders are not supported.
Which segments and product types support GTD orders?
GTD orders are available only for Cash & Delivery orders in the equity cash segment. Intraday or F&O orders are not eligible.
How long can a GTD order remain valid?
You can set the order to remain valid for up to 365 calendar days from the date of order placement.
What happens if my GTD order is not executed before the expiry date?
If your GTD order isn’t fulfilled by the selected expiration date, it will be automatically cancelled by the system, ensuring there are no open orders lingering without your knowledge.
Can I modify or cancel a GTD order after placing it?
Yes. You can modify or cancel GTD orders anytime before execution using your mobile or web trading platform.
How do I cancel a GTD order properly?
To cancel a GTD order:
Navigate to: Orders > Good Till Date Avoid cancelling via the standard “Single Scrip Order” section, as that only cancels the child order for the day. The GTD parent order will still trigger on the next trading day unless properly withdrawn.
Can I place both buy and sell GTD orders?
Yes. You can place both Buy and Sell orders using GTD. However, for Sell orders, you must hold the stocks in your linked demat account, and they must not be pledged.
Is my GTD order guaranteed to be executed?
No. Like all limit orders, GTD orders are only executed if the stock hits your specified price within the validity period. There is no execution guarantee from the broker or exchange.
What happens if the stock hits my GTD order price after the expiry date?
The order will not be executed. Once a GTD order expires, it is automatically removed from the system, even if the price is reached afterward.
Is there any additional fee for using GTD orders?
No. There is no extra charge or brokerage fee for placing GTD orders. They are available as part of our standard trading services.
Why should long-term investors consider GTD orders?
GTD orders are excellent for investors with long-term strategies who want to buy or sell stocks at specific price levels without monitoring markets daily. They support disciplined investing and better portfolio control.
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