If you want to buy or sell a security at a specific price, you can ask your broker to issue a good-till-canceled order. When the security reaches the price you've indicated, the broker will execute the trade. This order stays in effect until it is filled or you cancel it. A GTC, also called an open order, is the opposite of a day order, which is automatically canceled at the end of the trading day if it isn't filled.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). good till canceled (gtc). Retrieved September 27, 2026, from http://smartdefine.org/good_till_canceled_(gtc)/definitions/1155032 |
| Chicago | Barry Goldsmith. 2010. "good till canceled (gtc)" http://smartdefine.org/good_till_canceled_(gtc)/definitions/1155032 (accessed September 27, 2026). |
| Harvard | Barry Goldsmith 2010, good till canceled (gtc), Smart Define, viewed 27 September, 2026, <http://smartdefine.org/good_till_canceled_(gtc)/definitions/1155032>. |
| MLA | Barry Goldsmith. "good till canceled (gtc)" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/good_till_canceled_(gtc)/definitions/1155032> |