Day order

(redirected from Good for Day Order)

Day order

In the context of general equities, request from a customer to either buy or sell stock, that, if not canceled or executed the day it is placed, expires automatically. All orders are day orders unless otherwise specified. Traders often make calls before the opening to check for renewals.

Day Order

An order to a broker to buy or sell a security that expires at the end of the trading day if not filled. For example, one may make a day order to sell a stock at $35 or better. If the stock never rises above $30, the order is not filled and expires worthless at the end of the day. If the shareholder still wishes to sell the stock the next day, he/she must make a new order.

day order

A customer order to buy or sell a security that will expire automatically at the end of the trading day on which it is entered. Day order is used when a customer prefers to reconsider an order that is not executed on the day it was placed. See also good-till-canceled order.

Day order.

A day order is an instruction you give to your broker to buy or sell a security at the market price or at a particular price you name before the end of the trading day. The order expires if it isn't filled.

In contrast, a good 'til canceled (GTC) order remains open on the broker's books until it's filled, you cancel it, or the brokerage firm's time limit for GTCs expires.