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Good ’til cancelled order (GTC)

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 26 Apr 2023

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Good ’til Cancelled Order (GTC)

A Good ’til Cancelled Order (GTC) is an order placed with a broker to buy or sell a security at a specified price. The order remains in effect until it is either filled or cancelled by the investor. GTC orders are commonly used by investors who want to buy or sell a security at a certain price, but don’t want to have to continually monitor the market to do so. GTC orders are also known as open orders, since they remain open until they are filled or cancelled.

History of Good ’til Cancelled Order

Good ’til Cancelled Orders have been around since the early days of stock trading. They were originally used by investors who wanted to buy or sell a security at a certain price, but didn’t want to have to continually monitor the market to do so. GTC orders have become increasingly popular in recent years, as they allow investors to take advantage of market movements without having to constantly monitor the market.

Comparison Table

Order Type Duration Cancellation
Market Order Immediate Cancelled when filled
Limit Order Good for the day Cancelled when filled or at the end of the day
Good ’til Cancelled Order Good until cancelled Cancelled when filled or by the investor

Summary

Good ’til Cancelled Orders are a type of order placed with a broker to buy or sell a security at a specified price. The order remains in effect until it is either filled or cancelled by the investor. GTC orders are commonly used by investors who want to buy or sell a security at a certain price, but don’t want to have to continually monitor the market to do so. For more information about GTC orders, investors can visit websites such as Investopedia, The Balance, and Investing.com.

See Also

  • Market Order
  • Limit Order
  • Stop Order
  • Stop-Limit Order
  • Market on Close Order
  • Fill or Kill Order
  • Immediate or Cancel Order
  • All or None Order
  • Trailing Stop Order
  • Scale Order

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