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

There are a few reasons why setting a stop loss order using GTT (Good Till Triggered) can be beneficial when buying stocks or index options:

1. It can help mitigate risk: By setting a stop loss, you can protect yourself from significant losses if the stock or index price drops significantly.

2. It can save time: GTT orders remain active until they're triggered or cancelled, so you don't have to constantly monitor the market and manually place stop loss orders.

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