What are GTC and GTD orders?

Asked 4 years ago

I've started delving into trading about 1 month ago, and I've been learning about stock charts. I have now moved on to market orders. I understand stop-loss and stop-limit, but what are GTC and GTD for?

Gtc order Gtd order Market order

Andrew Moran

Monday, September 27, 2021

A Good-Til-Cancelled (GTC) order is an order to purchase or sell your shares in a stock that lasts until the transaction has been executed or it has reached expiration.
You will notice that your brokerage firm limits the length traders can leave a GTC order open.
A Good-Til-Date (GTD) order is a type of order that is valid until a specific date or time unless it is fulfilled or canceled.