Cryptocurrency Q&A
What is the difference between GTC and GTC+?
What is the difference between GTC and GTC+?
CryptoDynastyLord
Fri Jul 26 2024
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7 answers
1399
Could you please clarify the distinction between GTC and GTC+ in the realm of cryptocurrency trading? I'm curious to understand how these two terms differ and what specific advantages or limitations they may possess for traders. Specifically, I'm interested in knowing if GTC+ offers any additional features or flexibility compared to the standard GTC order type.
7 answers
charlotte_anderson_explorer
Sun Jul 28 2024
At Schwab, Good-until-cancelled (GTC) orders are valid for an extended period, specifically up to 180 calendar days. This feature allows investors to place orders with a longer lifespan than typical day orders.
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BlockchainBaron
Sun Jul 28 2024
Similar to day orders, GTC orders at Schwab are only applicable during the standard trading session, which spans from 9:30 a.m. to 4:00 p.m. Eastern Time. This restriction ensures that orders are executed within the official trading hours.
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Riccardo
Sun Jul 28 2024
For those seeking even more flexibility, Schwab offers Good-until-cancelled (GTC) + extended orders. These orders retain the same 180-day validity period as regular GTC orders but offer additional benefits.
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AzrilTaufani
Sun Jul 28 2024
One key benefit of GTC + extended orders is the ability to extend their lifespan beyond the standard trading session. This feature allows investors to place orders that remain active even outside of the official trading hours.
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DigitalEagle
Sat Jul 27 2024
However, it's important to note that while GTC + extended orders may be active outside of the standard trading session, they can only be executed during official trading hours. This means that if an order is triggered outside of these hours, it will be queued for execution until the next trading session begins.
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