Good-Til-Cancelled (GTC) Order Definition

A good-til-cancelled order remains active until it is executed or manually cancelled by the trader.

What is a Good-Til-Cancelled Order?

Unlike day orders, which expire at the end of the trading session, GTC orders can remain open for an extended period.

Traders should monitor GTC orders regularly, as market conditions can change significantly while they remain active.

A GTC buy limit order placed at $40 will stay active for weeks or months until it either fills or is cancelled.

A gap is a difference between the closing price of one trading session and the opening price of the next, with no trading in between.

GDP is the total monetary value of all goods and services produced within a country over a specific period.

Going long means buying an asset with the expectation that its price will rise.