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An order that stays active until it executes or you cancel it - doesn't expire at end of day.
Why It Matters
GTC orders let you set a target price and walk away. Want to buy Apple if it drops to $170? Place a GTC limit order and forget about it - the order will sit there for weeks or months until it fills or you cancel. Most brokers keep GTC orders active for 60-180 days. Without GTC, you'd have to manually re-enter orders every single day.
Key Points
- Most brokers expire GTC orders after 60-180 days
- Great for buying at a target price or setting a take-profit level
- Alternative: Day orders expire at market close if unfilled
Related Terms
Common Questions
An order that stays active until it executes or you cancel it - doesn't expire at end of day. GTC orders let you set a target price and walk away. Want to buy Apple if it drops to $170? Place a GTC limit order and forget about it - the order will sit there for weeks or months until it fills or you cancel.
GTC orders let you set a target price and walk away. Want to buy Apple if it drops to $170? Place a GTC limit order and forget about it - the order will sit there for weeks or months until it fills or you cancel. Most brokers keep GTC orders active for 60-180 days. Without GTC, you'd have to manually re-enter orders every single day.
Most brokers expire GTC orders after 60-180 days
Great for buying at a target price or setting a take-profit level
Alternative: Day orders expire at market close if unfilled