What does GTC stand for in trading orders?

GTC stands for "Good Till Canceled." This order type remains active in the market until the trader decides to cancel it or the order is executed. It allows traders to place their orders without worrying about them expiring at the end of the trading day, as is the case with other order types like "Day" orders, which only remain valid for that particular trading session.

Using a GTC order can be advantageous for traders who anticipate price changes over a longer time horizon and prefer not to re-enter their orders daily. This flexibility is particularly useful in volatile markets where prices may vary significantly, allowing traders to capitalize on favorable shifts without constantly managing their orders.

The other options do not represent standard terminology or concepts recognized in trading practices related to order types, which further highlights why GTC is the appropriate answer in this context.