good 'till canceled order (GTC)

Definition of "good 'till canceled order (GTC)"
  1. An order with an open timeframe, retaining validity until explicitly canceled by the one who placed it
How to use "good 'till canceled order (GTC)" in a sentence
  1. When the market fluctuated, the investor was relieved he had placed a good 'till canceled order (GTC).
  2. Comparing market orders and good 'till canceled orders (GTC), the latter provides better control over how long your order remains active.
  3. For long-term investment strategies, many prefer using a good 'till canceled order (GTC) to ensure they don't miss out on desirable buying or selling opportunities.

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