InvestorsHub Logo

HangGlidingJesus

08/05/21 1:10 PM

#122728 RE: HangGlidingJesus #122727

I did a quick search for GTC (Good unTil Cancelled) orders for Schwab (that's who I trade with) and this is what I found:

Good-until-cancelled (GTC) orders are good for 60 calendar days at Schwab.



So for Schwab, if your GTC orders go beyond 60 days, they're dropped. It appears eTrade may have something similar in place.

bankjob

08/05/21 1:25 PM

#122729 RE: HangGlidingJesus #122727

“Also, is there a chance your total orders exceeded the number of shares you have? It may be cancelling orders as you add/move around new orders.”

Answer: Nope, nothing of the sort.

Interestingly, TD cancelled one of my trades years ago only to re-instate it and sent me an apologetic message. I believe they had blamed it on a system glitch.

As far as T and C, I’m not aware of anything having changed. In support of this, I had recent events (not related to ENZC) where trades were cancelled due to corporate action or because the sell price was considered too high based on market activity - and I was notified.

Oh, and TD allows for GTC (Good Till Cancelled) trades to be set with a maximum expiration date of 6 months ahead.