Day Order
An order that dies at the session close if unfilled: no overnight surprises, by design.
A day order expires at the session close if unfilled. It keeps intraday tactics from filling days later on stale logic.
A day order is valid only for the current trading session and cancels automatically at the close if never triggered. Day traders use them so tactics expire with the session: no stale entries filling days later on forgotten logic.
How It Works
- Live from entry until session close
- Auto-cancels unfilled at the bell
- Default choice for intraday tactics
Trading Tips
Default day orders for all intraday entries
Use GTC only for deliberate multi-day levels
Confirm your broker session definition first
Day Order Example
Say you place a buy limit at morning support and price never reaches it. At 5pm the day order vanishes silently. The same level as GTC would have filled three sessions later into a changed market.
How Traders Use Day Order
Match expiry to horizon: day orders for day trades, GTC for campaign levels. Mismatching them is how traders enter Tuesday with Monday reasoning.
Related Terms
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