{"id":3923,"date":"2023-03-13T17:21:09","date_gmt":"2023-03-13T17:21:09","guid":{"rendered":"https:\/\/fisdomdevel.wpengine.com\/glossary\/good-till-cancelled-gtc-order\/"},"modified":"2023-03-13T17:21:09","modified_gmt":"2023-03-13T17:21:09","slug":"good-till-cancelled-gtc-order","status":"publish","type":"post","link":"https:\/\/www.fisdom.com\/glossary\/good-till-cancelled-gtc-order\/","title":{"rendered":"Good Till Cancelled (GTC) Order"},"content":{"rendered":"<p>\nA Good Till Cancelled (GTC) order is a limit order but with a long validity and with an option of choosing the expiration date. The GTC order can be an order for buying or selling a stock and will be good until it is executed or cancelled. The general limit for such orders is 30-60 days, after which the order expires, if not updated. Some brokers may allow a GTC order for longer periods, up to a maximum of 365 days. A normal limit order expires at the end of the trading day, but in the case of GTC order, the broker will place a new order every day on client\u2019s behalf till the time it is executed (or cancelled).<\/p>\n<h2>Benefits of GTC orders<\/h2>\n<p>Good Till Cancelled orders have certain benefits as compared to limit orders, which are :<br \/>\na) They help with buying stocks at a price as per client\u2019s requirement<br \/>\nb) GTC order lets the client wait for the right price and gives sufficient time<br \/>\nc) GTC order can be completed in stages, which means buying available quantity at the price specified and then buying balance quantity again if the required price point is reached.<br \/>\nd) GTC order can be placed for both buying and selling,in stages<\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>A Good Till Cancelled (GTC) order is a limit order but with a long validity and with an option of choosing the expiration date. The GTC order can be an order for buying or selling a stock and will be good until it is executed or cancelled. The general limit for such orders is 30-60 [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3923","post","type-post","status-publish","format-standard","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/posts\/3923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/comments?post=3923"}],"version-history":[{"count":0,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/posts\/3923\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/media?parent=3923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/categories?post=3923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/tags?post=3923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}