Time in force
Market Basics
How long orders live
Day orders die at the close. GTC (good-til-canceled) persists for weeks. IOC fills whatever it can instantly and cancels the rest; FOK fills completely or not at all.
Check yourself
You want your limit order to survive until next week. Which?
- Day
- GTC correct
- IOC
Good-til-canceled sits on the book until it fills or you kill it.
Learn this properly
This term has a full interactive lesson in Wick — the chart, the pattern to tap, and a live practice terminal to try it on. Free to start.
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