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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