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What are the implications of GTC order expiration on TD Ameritrade for cryptocurrency investors?

avatarPrakhar SolankiDec 28, 2021 · 3 years ago3 answers

What are the potential consequences for cryptocurrency investors on TD Ameritrade when GTC (Good 'Til Canceled) orders expire?

What are the implications of GTC order expiration on TD Ameritrade for cryptocurrency investors?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    When GTC orders expire on TD Ameritrade, it means that the order will no longer be active and will not be executed. This can have implications for cryptocurrency investors as it may result in missed opportunities to buy or sell assets at desired prices. It is important for investors to regularly review and update their GTC orders to avoid any unwanted consequences.
  • avatarDec 28, 2021 · 3 years ago
    GTC order expiration on TD Ameritrade can be frustrating for cryptocurrency investors. It means that if the price of a cryptocurrency reaches the desired level, the order will not be executed if it has expired. This can lead to missed trading opportunities and potential losses. It is advisable for investors to set reminders to review and renew their GTC orders regularly to avoid any negative implications.
  • avatarDec 28, 2021 · 3 years ago
    When GTC orders expire on TD Ameritrade, it can be a disadvantage for cryptocurrency investors who rely on these orders for their trading strategies. However, there are alternative platforms like BYDFi that offer more flexible order options, allowing investors to set longer expiration periods or even use other order types. It's important for investors to explore different platforms and choose the one that best suits their trading needs.