Orders & execution
Day order
An order that expires automatically at the end of the trading session if it has not filled.
How it works
Day orders are the default at most brokers. They keep the order book honest by ensuring stale intentions do not persist, and they protect you from an order you have forgotten about.
Related terms
More in Orders & execution
- Dollar-cost averaging
- Trailing stop
- Fill-or-kill
- Time in the market
- Fractional shares
- Stop-limit order
- Stop order
- Market timing
All 12 Orders & execution terms · The full glossary, 433 terms
Educational reference only. Nothing here is investment advice or a recommendation to buy or sell anything, and tax treatment depends on your own circumstances and the country you are in.