Cryptocurrency Q&A
What is GTC in trading TD Ameritrade?
What is GTC in trading TD Ameritrade?
IncheonBeautyBloomingRadiance
Sun Oct 20 2024
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6 answers
1104
I'm trying to understand the concept of GTC in the context of trading with TD Ameritrade. Could someone explain what GTC stands for and how it's used in trading on this platform?
6 answers
KatanaBladed
Tue Oct 22 2024
Once the trading session ends, the Day order automatically expires, ensuring that traders' intentions are respected and their capital is not tied up in orders that may no longer align with their current trading objectives.
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Andrea
Tue Oct 22 2024
For traders who require more flexibility, the Good Till Canceled (GTC) order offers a longer duration. This type of order remains active between the hours of 9:30 a.m. and 4:00 p.m. Eastern Time (ET) and can be left open for up to 180 calendar days.
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alexander_rose_writer
Tue Oct 22 2024
The GTC order provides traders with the ability to set and forget their trades, allowing them to focus on other aspects of their trading or personal lives without the need to constantly monitor their orders.
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Lucia
Tue Oct 22 2024
Trading orders can be placed with varying degrees of duration, allowing traders to tailor their strategies to their needs. One such type of order is the Day order, which is designed to be active for a single regular trading session.
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Maria
Tue Oct 22 2024
The Day order is particularly suitable for traders who wish to execute their trades within a specific trading day, without the risk of the order lingering and potentially being executed at an undesirable price.
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