What does GTC mean in trading?

Investors should carefully consider the potential implications of leaving a GTC order open for an extended period. While it may offer convenience, it also exposes them to the risk of market volatility and unexpected price movements that could result in unfavorable trades.

To mitigate these risks, investors can choose to set a limit price or stop-loss order in conjunction with their GTC order. This will ensure that their order is executed only if the stock price reaches a specific level, protecting them from adverse market movements.

A Good-Til-Cancelled (GTC) order is a versatile tool for investors seeking to buy or sell stocks without the need for constant monitoring. It allows the order to remain active until either it is fulfilled or explicitly canceled by the investor.

The primary advantage of a GTC order is its flexibility. Unlike other types of orders that expire after a set period, a GTC order can remain open indefinitely, providing investors with the peace of mind that their order will be executed as soon as market conditions align with their desired price.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of investors in the digital asset space. Among its offerings are spot trading, futures trading, and wallet services, which enable users to buy, sell, and store various cryptocurrencies securely.