Upbeat music plays throughout
Video Introduction Plays
Narrator: A good till canceled order allows you to place a buy or sell order that remains open until filled, canceled or expired. To place a good till canceled order, navigate to Trade, then select All-In-One Trade Ticket.
Trade is clicked, then All-In-One Trade Ticket
Narrator: Designed to make trading intuitive, the tool populates relevant data as you build your order, starting with the symbol and strategy. Next, choose to buy or sell and enter the number of shares you want to trade. Then choose the order type. For this example, we'll place a limit order. Then set your limit price.
Order ticket is filled out
Narrator: Under Timing, select Good till Canceled.
Good till Canceled is clicked
Narrator: Additionally, you can choose good till canceled + extended when placing a stock or ETF limit order. By default, orders will be good for 180 calendar days, but if the market is closed at the end of that period the order will expire sooner. This is most common if orders expire on a weekend or holiday. You can also set a custom expiration date by clicking the calendar icon and choosing a date up to 180 calendar days.
Calendar icon is clicked and a different date is selected
Once done, you're ready to review your order. Then, just confirm the details to place your trade.
Video outro plays.