Order Types
Day Order
Definition
What is Day Order?
An order that expires if it is not executed by the end of the trading day.
Example in practice
How This Looks in Practice
The unfilled buy order is cancelled at market close.
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Related Terms
Order Types
Market Order
An instruction to buy or sell immediately at the best available prices.
Order TypesLimit Order
An instruction to trade only at a specified price or better.
Order TypesStop Order
An order that becomes active after a specified trigger price is reached.
Market DataOpen Price
The first official or regular-session traded price for a period.