A GTC order, or Good Till Cancelled order, is a type of trading instruction that remains active until it is either executed or manually cancelled by the investor. Unlike a day order, it does not expire at the end of the trading session.

A GTC order allows investors to keep a price target in the market for an extended period.

Investors use GTC orders when they want to buy or sell a financial asset at a specific price but are willing to wait for the market to reach that level. The order stays open in the trading system across multiple sessions.

This can be useful for long term strategies or when monitoring the market continuously is not practical. However, because the order remains active, it may be executed unexpectedly if market conditions change quickly. Investors should regularly review open GTC orders to ensure they still align with their strategy and risk tolerance.

Short example:

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