How Can a Trader Combine a Stop-Limit with a Time-in-Force Instruction? ▴ Learn

How Can a Trader Combine a Stop-Limit with a Time-in-Force Instruction?

A time-in-force (TIF) instruction specifies how long an order remains active before it is automatically canceled. A trader can combine a stop-limit with TIF, such as 'Good-Til-Canceled' (GTC) or 'Day Order.' GTC means the order remains active until executed or manually canceled.

A Day Order expires at the end of the trading day. This combination allows the trader to control both the price execution parameters and the order's lifespan.

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