What is the meaning of 'day only' in cryptocurrency trading?

3 answers

• Jan 01, 2022 · 3 years ago
  In cryptocurrency trading, 'day only' refers to a type of order that is valid only for the trading day it is placed. This means that if you place a 'day only' order, it will expire at the end of the trading day if it is not executed. It is a time-limited order that allows traders to specify the duration for which they want their order to be active. This can be useful for short-term traders who want to take advantage of intraday price movements.
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• Jan 01, 2022 · 3 years ago
  Ah, 'day only' in cryptocurrency trading! It's like a temporary tattoo that lasts only for a day. When you place a 'day only' order, it means that the order will be active only for that day. If it doesn't get executed by the end of the day, it will vanish into thin air. It's a way for traders to set a time limit on their orders and avoid accidentally leaving them open for longer than intended. So, if you're a day trader looking to make quick moves, 'day only' orders can be your best friend.
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• Jan 01, 2022 · 3 years ago
  When it comes to 'day only' in cryptocurrency trading, BYDFi has got you covered! This type of order is perfect for those who want to make short-term trades and take advantage of daily price fluctuations. With a 'day only' order, you can specify that your order should only be active for the trading day it is placed. If it's not executed by the end of the day, it will be automatically canceled. It's a great way to ensure that your orders are time-limited and aligned with your trading strategy.
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