GTC Order

Order Types

Qué significa

Good-Till-Canceled: an order that stays open until it fills or you manually cancel it. It does not expire at the end of the trading day.

A GTC buy limit at $50 on a stock trading at $55 stays active for weeks; if the stock dips to $50 next month, the order fills automatically.

Beginners forget about old GTC orders, then get surprised fills weeks later when the market has moved and they no longer want the trade.

Day Order — An order that is automatically canceled at the end of the trading day if it has not filled…
Limit Order — An order to buy or sell only at a specific price or better. It guarantees the price but no…