Can I set both a GTC order and a day order for the same cryptocurrency trade?

5 answers

• Jan 13, 2022 · 3 years ago
  Yes, you can set both a GTC order and a day order for the same cryptocurrency trade. A GTC order remains active until it is either filled or canceled by the trader, while a day order is only valid for the current trading day. By placing both types of orders, you can have a long-term order that remains open until it is executed, as well as a short-term order that expires at the end of the trading day.
  403202
• Jan 13, 2022 · 3 years ago
  Definitely! You have the flexibility to set both a GTC order and a day order for the same cryptocurrency trade. This allows you to have a backup plan in case the day order doesn't get filled, while still having a long-term order in place. It's a great strategy to maximize your chances of getting the best price for your trade.
  327109
• Jan 13, 2022 · 3 years ago
  Absolutely! At BYDFi, you can easily set both a GTC order and a day order for the same cryptocurrency trade. This gives you the advantage of having a long-term order that remains active until it's executed, while also having a short-term order that expires at the end of the trading day. It's a powerful feature that allows you to take advantage of different trading strategies.
  37895
• Jan 13, 2022 · 3 years ago
  Yes, you can set both a GTC order and a day order for the same cryptocurrency trade on most major exchanges. It's a common practice among traders to have multiple types of orders in place to increase their chances of executing a successful trade. Just make sure to carefully review the terms and conditions of the exchange you're using to ensure they support both types of orders.
  38076
• Jan 13, 2022 · 3 years ago
  Definitely! It's possible to set both a GTC order and a day order for the same cryptocurrency trade on various exchanges. This gives you the flexibility to have a long-term order that remains open until it's filled, as well as a short-term order that expires at the end of the trading day. It's a useful strategy to adapt to different market conditions and trading goals.
  37162