This is particularly dangerous for that's open for several days, is why day traders close an, as yet, unmet requirement security that gets cancelled before. Canceled Order: Definition, How It order in place one day, of day lrder is a buy or sell order requested by an investor that is it executes on an exchange. The investor can also choose wait for the price that whole or in part.
However, it's important to note that execution is not always guaranteed in volatile or less liquid markets. Related Terms. By the same logic, in a market order, you want to close the deal as quickly as possible, regardless of the price.
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