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Day Order

When you place a Day Order you give your broker a price at which you are willing to buy or sell a stock or option at any time during that trading day.

Additional Comments:

Referring to general equities, a request to either buy or sell stock that, if not cancelled or executed the day it is placed, expires automatically.

All orders are day orders unless otherwise specified.

Related Terms:

Good Till Cancelled
(GTC) - A GTC order authorizes the broker to buy or sell a position at a ...

Stop Order
A stop order is an order to buy or sell a stock once the price of ...

Limit Order
An order to buy a stock at or below a specified price or to sell a ...

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