Cryptocurrency Q&A
How long is GTC good for?
How long is GTC good for?
DigitalDynasty
Fri Jul 26 2024
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6 answers
1591
Excuse me, could you clarify the duration of validity for GTC? I understand it stands for Good Till Cancelled, but I'm unsure of how long exactly it remains active before it's automatically cancelled. Is there a specific time frame or does it vary depending on the platform or exchange? It would be great if you could provide some insight into this matter.
6 answers
EchoSolitude
Sun Jul 28 2024
A GTC (Good Till Canceled) order is a type of trade instruction given to a brokerage to buy or sell a stock. It remains active until the client cancels it or the order is executed.
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BusanBeauty
Sun Jul 28 2024
GTC orders provide investors with flexibility and convenience, as they do not require constant monitoring of the market.
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DondaejiDelight
Sun Jul 28 2024
However, brokerages often impose a time limit on GTC orders, typically 30-60 days. After this period, the order will expire if it has not been executed or restated.
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HanRiverVisionaryWaveWatcher
Sat Jul 27 2024
This limitation ensures that the brokerage's systems are not overwhelmed with outdated or irrelevant orders.
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GyeongjuGloryDaysFestival
Sat Jul 27 2024
Investors should carefully consider their investment objectives and risk tolerance before placing a GTC order. They should also regularly review their orders to ensure they are still relevant to their investment strategy.
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