Order Type
GTC (Good-Till-Cancelled) — Definition & Example
An order that remains active until explicitly cancelled or filled, often with a 90-day broker maximum.
GTC orders persist across trading sessions until executed or cancelled. Most brokers cap GTC at 60-90 days. Useful for setting limit orders at structural levels you may take if reached over weeks. Risk: a forgotten GTC can fire unexpectedly during a news-driven move and leave you with an unwanted position.
Example
You place a GTC buy limit at ₹450 for a stock trading at ₹500. Two weeks later the stock drops to ₹450 on news; your order fills automatically. If you forgot about it, you now own the position.
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