Options involve risk and are not suitable for all investors. Before trading options, please read Characteristics and Risks of Standardized Option (ODD) which can be obtained from your broker; by emailing email@example.com; or from The Options Clearing Corporation, 125 S. Franklin St., Suite 1200, Chicago, IL 60606. The content on this site is intended to be educational and/or informative in nature. No statement on this site is intended to be a recommendation or solicitation to buy or sell any security or to provide trading or investment advice. Traders and investors considering options should consult a professional tax advisor as to how taxes may affect the outcome of contemplated options transactions.
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
2 replies on “How GTC Orders give you “Magic” Fills”
Don’t put off till tomorrow what you can do today.
Because tomorrow is another day for you to accomplish great things.
Hey Dan thanks for this GTC information, please be advised that if you’re trading options you’re going to possibly get executed on your GTC order literally the same day your options are set to expire. Stale GTC orders can be expensive if you forget or worse if your reasons for entry have changed since you entered your GTC order.
I learned the lesson the hard way when my forgotten GTC order got executed and my opinions for entering the original order changed or evolved.