good 'till canceled order (GTC)
- An order with an open timeframe, retaining validity until explicitly canceled by the one who placed it
- When the market fluctuated, the investor was relieved he had placed a good 'till canceled order (GTC).
- Comparing market orders and good 'till canceled orders (GTC), the latter provides better control over how long your order remains active.
- 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.