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Good-Til-Canceled (GTC) Order: What It Is, How It Works, Example

By Kristi WaterworthUpdated Sep 6, 2025 at 3:54 AM

Key Points

  • Beginner traders often use dollar-cost averaging, building portfolios gradually.
  • Good-til-canceled orders automate trades, ensuring set price execution without monitoring.
  • Unlike immediate-or-cancel, good-til-canceled orders last until fully executed or conditions change.

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