Good-Till-Cancelled Order
A standing trade order that remains active until executed or manually cancelled, typically expiring after 90 days.
What is GTC Order?
A good-till-cancelled (GTC) order is a trade instruction that remains active until it is either executed, cancelled by the investor, or expired by the brokerage — typically after 60 to 90 days. Unlike a day order, which expires at market close, a GTC order can persist across many trading sessions. It is most commonly used with limit orders when an investor wants to buy or sell at a specific price without manually re-entering the order each day.
Example
An investor places a GTC limit order to buy 100 shares of Tesla at $200 when the stock trades at $250. The order rests in the queue and automatically executes if Tesla drops to $200 within the next 90 days, without requiring the investor to monitor the market daily.
Source: SEC — Types of Orders