What Is A GTC (Good Til Canceled) Order Type & How To Use It To YOUR Advantage

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Description:
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 McDonald's 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...

#gtcorder #ordertype #goodtillcancelled #stockmarketgtc #stockgtc #gtcstock

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

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