1. The GTT stop-loss is invalid prompt appears when placing an order to buy index options, encouraging the use of stop-loss during trading, especially given the inherent risks associated with options trading. This feature is aimed at promoting responsible trading, particularly in the context of potentially risky index options.
2. When buying index options, the order window prompts users to set a GTT stop-loss price. While it's possible to proceed with the order without configuring a GTT stop-loss, Tradejini strongly recommends using this feature to safeguard investments and manage risk effectively.
3. GTT stop-loss orders serve as a valuable tool for minimizing potential losses and establishing a predefined exit strategy. These orders remain in effect until clients choose to cancel them, ensuring ongoing protection and peace of mind.
4. Effectively managing positions is crucial to resist the temptation of averaging down, a practice that can lead to substantial capital loss. Make sure to cancel any open GTT stop-loss orders when directly exiting positions to prevent unintended positions from accumulating in the account.
5. The GTT stop-loss system enhances the trading experience and facilitates well-informed decision-making.

Why should a stoploss be set using GTT when buying stock or index options?

For more details, refer to the CubePlus User Guide by Tradejini

For further assistance or information, please connect with our support team on 080-40802660 or write to us at help@tradejini.com.