A day order is only valid for the current trading session — if it has not filled by the close, it is automatically cancelled.
Day orders suit short-term traders who reassess their setups each day. They are the opposite of good-'til-cancelled orders.
Day order — definition & meaning
An order that expires at the end of the trading day if unfilled.
The information on Trding.io is for general information only and is not investment advice. Trading involves a real risk of losing money, and most retail traders lose. Never trade money you cannot afford to lose.
Related terms
Good 'til cancelled (GTC)
An order that stays active until it fills or you cancel it.
Limit order
An order to trade only at a specified price or better.
Day trading
Opening and closing trades within the same day, holding nothing overnight.
Market order
An order to buy or sell immediately at the best available price.
Stop order
An order that triggers a market order once a set price is reached.
Stop-limit order
A stop that triggers a limit order rather than a market order.
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