You will have to manually cancel the corresponding target and stop-loss GTT order. Individuals utilising GTT (Good Till Triggered) orders must be mindful of the considerations related to a manual square-off of a trader's own positions or a square-off done by RMS software.

Once a primary order is executed, it will show up in the user’s holdings or positions tab in the app, while the corresponding target and stop-loss timers will appear as "Scheduled."

Responsibility of Cancelling Exit Orders

The trader is responsible for cancelling exit orders, including target and stop-loss orders. If they perform a manual square-off or a square-off is completed via RMS.

The exit orders do not automatically cancel. It is the user’s responsibility to physically cancel scheduled orders so that they do not trigger market orders unintentionally.

Implications to Traders

Also, if the user, while transitioning/executing multiple trades of an underlying asset, fails to cancel the Target and Stop Loss orders, they may enter trades or market exposure, counter to their strategy and risk management plan.

Investors or traders must take responsibility for managing their positions, and more importantly, take responsibility for managing their stop-loss and target orders, if the portfolios/assets have made changes.

If they do not take the proper precautions and protect their stop-loss with management, they assume the risks with the market and don’t execute the intended trading strategy.