What Are the Order Validity Periods for US Stocks on Pluang?
Pluang offers two order validity periods for US Stocks. DAY, also described as Good Till Market Close, keeps your order active from the moment you place it until the next market close, then cancels it automatically if it has not filled. GTC, Good Till Canceled, keeps it active for up to 30 calendar days and can also be cancelled manually at any point inside that window. Either way, if the order expires unfilled, the USD balance reserved for it is returned to your account automatically. Not every order type supports both: Market Orders are DAY only, while Limit, Stop, and Stop-Limit Orders can use either. Stop Loss and Take Profit Exit Strategy orders use their own fixed 30-calendar-day OCO validity instead. Fractional dollar-based purchases work on DAY orders only, so GTC orders must be placed in whole shares.
- DAY: Good Till Market Close — active until the next market close, then cancelled automatically if unfilled; supports fractional purchases
- GTC: Good Till Canceled — active for up to 30 calendar days and cancellable manually at any time; whole shares only
- Which types support which: Market Order is DAY only; Limit, Stop, and Stop-Limit Orders can use either DAY or GTC
- Exit Strategy is separate: Stop Loss and Take Profit run on a fixed 30-calendar-day OCO validity rather than a DAY/GTC choice
- 24-Hour Market: the extended sessions accept DAY validity only, with no GTC option available there
- Expired orders: any reserved USD balance is returned automatically when a DAY or GTC order expires unfilled
- No mid-order changes: validity cannot be edited after placement — cancel and re-place with the setting you want instead
Related questions:
Q: What is the practical difference between DAY and GTC?
A DAY order only lasts until the next market close, so if it does not fill by then it cancels automatically and your reserved balance returns straight away. A GTC order stays open for up to 30 calendar days, giving your target price much more time to be reached, but it accepts whole-share quantities only rather than the fractional dollar amounts a DAY order allows.
Q: Which order types support GTC validity?
Limit, Stop, and Stop-Limit Orders can all use either DAY or GTC, whichever you choose when placing the order. Market Orders are DAY only, because they execute immediately or become a Pending Market Order queued for the next open, and a multi-day window would serve no purpose for an order type that is designed to fill almost instantly rather than wait for a target level to be reached.
Q: Can I change an order's validity after placing it?
No. Once an order is submitted, its validity is locked and cannot be edited, regardless of order type. If you realise you wanted DAY instead of GTC, or the other way round, you have to cancel the existing order and place a completely new one with the setting you actually intended to use from the start, since Pluang does not support editing a live order in place.
Q: What happens to my funds when a GTC order expires unfilled?
The order is cancelled automatically once the 30-calendar-day window closes, and the USD balance reserved for it is returned to your account in full, with no fee deducted for the expiry itself. You are then free to place a fresh order with a new price target and a new validity period if you still want to build that position in the same stock afterwards.