day order

Day Order

Any order to buy or sell a security that automatically expires if not executed on the day the order is placed.

Notes:

A day order will not be executed if the limit or stop order prices were not met during the day. A way to increase the life of an order is to order securities on a 'good 'till cancelled' basis, where, as the name implies, the trade will not expire until it is cancelled or until it reaches a maximum time limit set by the brokerage.

See also: Good 'till Cancelled, Limit Order, Order, Stop 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

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 (GTC).