What is the difference between a GTC order and a Day order on Pluang?
The difference is how long the order survives. A Day order expires automatically when the market closes that same day — if it has not matched by then, it is cancelled and you would need to place it again tomorrow. A GTC (Good Till Cancelled) order does not expire at market close: it carries forward across trading days for up to 180 days, until it matches or you cancel it. Everything else is the same — both are Limit orders, both use the price you set, both match only during IDX trading hours. There is also a Session order, a shorter variant that expires at the end of the current trading session rather than the full day.
GTC validity for Indonesian stocks is available in the Pluang app only. The web trading platform offers only Market orders and Limit orders with Day (end-of-day) validity, and does not offer GTC. Everything below describes the app.
The three validity options side by side:
| Day | Session | GTC | |
|---|---|---|---|
| Expires when | Market close that day | End of the current session | After 180 days |
| Carries across trading days | No | No | Yes |
| Re-entry needed if unfilled | Yes, every day | Yes | No |
| Can carry Stop Loss / Take Profit | Yes | Yes | No |
| Can be amended | Yes | Yes | No — cancel and re-place |
| Best for | Trading a view you hold today | Acting within one session | Waiting patiently for a price |
Two constraints that apply only to GTC. Choosing GTC costs you two things a Day order gives you:
- You cannot attach Stop Loss or Take Profit. SLTP requires Day or Session validity, so a GTC order cannot carry an automatic exit.
- You cannot amend the order. A Day order's price or lots can be changed; a GTC order cannot. To change anything, you cancel it and place a new one.
What they have in common:
- Both are Limit orders — you set the price, and the order executes at that price or better.
- Both only match during IDX trading hours; neither trades overnight, at weekends, or on exchange holidays.
- Both carry the same fees: 0.15% all-in on a buy and 0.25% on a sell, inclusive of taxes and third-party fees.
- Neither charges anything if it expires unfilled, and held funds return to your RDN either way.
Choosing between them. If your view is about today — a stock you expect to move this session — Day is the natural fit and keeps SLTP and amendments available. If your price is somewhere the stock might only reach in weeks, GTC saves you re-entering the same order every morning, at the cost of those two flexibilities.
Related questions:
Q: What is a Session order on Pluang?
It is the shortest validity option: the order expires at the end of the current trading session rather than at the end of the trading day. It suits a view tied to a specific part of the day rather than the whole session. Like a Day order and unlike GTC, a Session order can be amended and can carry Stop Loss and Take Profit.
Q: Why can't I attach Stop Loss and Take Profit to a GTC order?
SLTP is designed to work with orders that resolve within a trading day or session, so it is only available on Day and Session validity. If you need automatic exit levels on an entry, place a Limit buy with Day or Session validity and set the SLTP at the same time. There is no way to add SLTP to a GTC order, before or after placing it.
Q: Can I change a GTC order's price without cancelling it?
No. GTC orders cannot be amended at all — neither the price nor the number of lots. To trade at a different price you cancel the existing order and place a new one, which resets its 180-day window. Day and Session orders do not have this restriction, so if you expect to adjust your price frequently, one of those may suit you better.
Q: Do GTC and Day orders cost different amounts on Pluang?
No. Validity has no effect on fees. Both are charged the same all-in rate — 0.15% on a buy and 0.25% on a sell, inclusive of taxes and third-party fees — and only when the order actually matches. An order that sits open for 180 days and never fills costs exactly the same as one that expires unfilled the same afternoon: nothing.