good til cancelled or cancel
An order with a good-til-canceled (GTC) time in force keeps the order working until it executes or you cancel it. In this example, it is Monday, June 1 and you want to buy 100 shares of XYZ, which is currently at 127.38 and you want the order to keep working until it fills.y modifying with a good-til-canceled attribute the investor can leave a resting order in the market in the hope his order will ultimately fill at his pre-determined level. The advantage is that the investor does not have to place the same order day after day until his price level is achieved.