Good 'til cancelled

In investment, a good ’til cancelled (GTC) order is an order to buy or sell a security which remains in effect until executed or canceled.

In other words, a GTC order will continue indefinitely until the specified parameters are met, whilst a normal day order would cancel automatically after the market closes, requiring the investor to make a new order the next day if desired.

External links

Good-Til-Cancelled Order (SEC)

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