Regional Preferences

Agent Merina

Agent Merina

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Orders

Good-Til-Cancelled (GTC)

An order that remains active until it is filled or manually cancelled. This is part of the mechanical toolkit traders rely on to control entries and exits with precision rather than reacting to price in real time.

Meaning

What Good-Til-Cancelled (GTC) means

An order that remains active until it is filled or manually cancelled. This is part of the mechanical toolkit traders rely on to control entries and exits with precision rather than reacting to price in real time.

Trading context

Why it matters

It removes the need to re-place pending orders every day. Traders progressing past the basics tend to lean on this more heavily as they start combining multiple concepts into a coherent trading approach.

Example

How traders may see it

Common default setting for limit and stop orders. In practice, traders typically encounter this directly within their trading platform, charting software, or an economic calendar, depending on the specific context in which it arises.