What does the term 'day only' imply in the world of cryptocurrencies?

7 answers

• Jan 01, 2022 · 3 years ago
  The term 'day only' in the world of cryptocurrencies refers to a type of trading order that is valid only for the current trading day. It means that if you place a 'day only' order, it will automatically expire at the end of the trading day if it is not executed. This is different from 'good till canceled' orders, which remain active until they are executed or canceled by the trader. 'Day only' orders are commonly used by day traders who want to take advantage of short-term price movements.
  495248
• Jan 01, 2022 · 3 years ago
  When it comes to cryptocurrencies, 'day only' means that the trading order will only be valid for the current day. If the order is not executed by the end of the day, it will be automatically canceled. This is important for traders who want to make quick trades and take advantage of intraday price fluctuations. It allows them to set specific price targets and timeframes for their trades. However, it's worth noting that not all exchanges offer 'day only' orders, so traders should check the trading options available on their preferred exchange.
  548183
• Jan 01, 2022 · 3 years ago
  In the world of cryptocurrencies, the term 'day only' refers to a type of trading order that is valid only for the current trading day. It is a time-limited order that expires at the end of the day if it is not executed. This type of order is commonly used by day traders who aim to capitalize on short-term price movements. For example, if a trader believes that the price of a particular cryptocurrency will increase during the day, they can place a 'day only' buy order at a specific price. If the price reaches that level and the order is executed, the trader can profit from the price increase. However, if the order is not executed by the end of the day, it will be automatically canceled.
  695174
• Jan 01, 2022 · 3 years ago
  The term 'day only' in the world of cryptocurrencies refers to a type of trading order that is valid only for the current trading day. It is a time-limited order that expires at the end of the day if it is not executed. This type of order is commonly used by day traders who want to take advantage of short-term price movements. By placing a 'day only' order, traders can set a specific price at which they want to buy or sell a cryptocurrency and have the order automatically canceled if it is not executed by the end of the day. This allows traders to actively manage their positions and react quickly to market changes.
  622125
• Jan 01, 2022 · 3 years ago
  When it comes to cryptocurrencies, the term 'day only' refers to a type of trading order that is valid only for the current trading day. It is a time-limited order that automatically expires at the end of the day if it is not executed. This type of order is commonly used by day traders who aim to profit from short-term price movements. By setting a 'day only' order, traders can specify the price at which they want to buy or sell a cryptocurrency and have the order automatically canceled if it is not executed by the end of the day. This allows traders to limit their exposure and avoid holding positions overnight.
  619104
• Jan 01, 2022 · 3 years ago
  In the world of cryptocurrencies, the term 'day only' refers to a type of trading order that is valid only for the current trading day. It is a time-limited order that expires at the end of the day if it is not executed. This type of order is commonly used by day traders who want to take advantage of short-term price movements. By placing a 'day only' order, traders can set a specific price at which they want to buy or sell a cryptocurrency and have the order automatically canceled if it is not executed by the end of the day. This allows traders to actively manage their positions and react quickly to market changes.
  62389
• Jan 01, 2022 · 3 years ago
  The term 'day only' in the world of cryptocurrencies refers to a type of trading order that is valid only for the current trading day. It means that if you place a 'day only' order, it will automatically expire at the end of the trading day if it is not executed. This is different from 'good till canceled' orders, which remain active until they are executed or canceled by the trader. 'Day only' orders are commonly used by day traders who want to take advantage of short-term price movements.
  49562