What is a GTC (Good Til Canceled) Order Type & How to use it to YOUR Advantage

★ SUMMARY ★
GTC stands for Good-Til-Canceled order.

If you can’t look at the screens but you’re trying to get a good order price, certain stock, or equity, this is something to consider.

Let’s say McDonalds is trading at $75, fictitiously speaking, and you’re looking to purchase it for $55 and you want to get it at a good rate. You’re willing to wait for it to come down to purchase shares.

What you can do is set up your order type to be a limit order at $55 for that stock.…. Continue reading at:

Posted at: http://tradersfly.com/2015/07/what-is-a-gtc-order-type-and-how-to-use-it-to-your-advantage

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