Order
Duration
Day order
– These are your buy or sell instructions. If not executed, they
automatically expire at the end of the trading day. Day orders are not
carried over into after hours trading or to the next trading day. Market
orders are day orders.
Good-till-canceled –
Buy or sell orders that remain in
force until either cancelled by the investor or executed. Some firms limit
the time period to a certain number of days (i.e. 60 days).
All-or-none –
Orders that instruct the brokerage firm
to either buy or sell your entire security order, or none of it.
Fill or kill –
Orders that must be executed when sent to
the exchange, otherwise they are canceled.
Do not reduce –
Instructions to the broker not to reduce the limit price on a limited
buy or sell stop order by the cash dividend on the record date. Normally,
when a stock goes ex-dividend, the stock price is reduced by the amount of
the dividend. Sometimes, however, that may not hold true.
Next review information on:
The Entrance Fee. |
