Good Till Cancelled vs Day Orders, Which is Better? 🔰

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Which is Better, Good Till Cancelled or Day Order Types? What is the difference between day order and good till cancelled? What does good till cancelled mean? How long is a GTC order good for? What is a good for day limit order?

Day Orders and Good Till Cancelled (GTC) Compared

You might put a stop or limit order in; usually you have a choice between GTC (Good till Cancelled) and Day orders. What are they, when are they best used for and which is better in what circumstances? GTC pretty much means what it says on the tin; if you place an order it will stay there until you cancel it or until it is filled. A Good-Till-Day order is one that will cancel at the end of the trading day if it does not fill. As such a Good till Day will stay there until the end of the trading day.

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Can Merrill Edge Trade After Hours, Good Till Cancelled vs Day Orders, Which is Better? 🔰.

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