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What you are referring to is a "Limit Sell, Good Til Cancel" order, most often shortened to a "GTC". Different brokerages do put an expiration time limit on GTC's, some @ 90 days, some @ 180 days, etc. so one needs to watch their open GTC's and replace them as time passes.

As an aside, my brokerage puts a 180 day execution time limit on GTC's after which they expire. Instead I really wish I could set the time limit instead.


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