Good 'Til Canceled (GTC)

A Good 'Til Canceled (GTC) order is a type of limit order that remains active until it is either filled or canceled by the investor. GTC orders are often used for stocks that are not actively traded, as they can help investors to avoid missing out on a potential trade.

There are a few things to keep in mind when using GTC orders. First, GTC orders can be expensive, as they require the broker to constantly monitor the market for potential trades. Second, GTC orders can be canceled at any time by the investor, which can lead to missed opportunities. Finally, GTC orders can expire if the stock does not trade at the specified price within a certain period of time.

Despite these potential drawbacks, GTC orders can be a useful tool for investors who are looking to trade stocks that are not actively traded. By using a GTC order, investors can ensure that they do not miss out on a potential trade, and they can also avoid having to constantly monitor the market for potential trades.

Here are some additional details about GTC orders:

* GTC orders can be used for both buy and sell orders.
* GTC orders can be placed for any stock, regardless of its trading volume.
* GTC orders can be canceled at any time by the investor.
* GTC orders can expire if the stock does not trade at the specified price within a certain period of time.
* The specific expiration period for a GTC order will vary depending on the broker.

If you are considering using a GTC order, it is important to speak with your broker to understand the specific terms and conditions that apply.