So it's the most common timing are gonna be day or good into cancel I Day order is gonna be good for the regular market section so that the our. nine thirty AM you four PM eastern Monday through Friday and let that holiday of course.
That order will be good for just that one trading day.
If we place an order right now great day order that order would be good for tomorrow's trading session today's session is already closed.
Good to cancel order is good for the next sixty calendar days during just the regular market session again.
So nine thirty AM to four PM eastern I'm Fill or kill or intermediate or cancel our different order types that are typically not used by too many of our traders but we can how we can greatly facilitate that type of trade it just can lead to a little bit more difficulty in getting your order filled and it's typically a more advanced timing than it used to be terribly often anymore.
Definitely so we are going to place this trade here let's just say we were to have a quantity of ten we're going to have a go to our smart router.
I limit order will put its twelve dollars. and seventy two cents as an example let's just had this as a good till cancel order and then we can go about click on that buy button here.
The next thing that we're gonna see is actually a read back and I always advise our clients especially the newer traders to be able to read this read back because sometimes especially in fast market you may type in a hundred instead of ten.
I have for your quantity I have for the limit price you may type in a dollar in two cents to ainstead of twelve dollar and seventy two cents as you want to be able to have this re back just to confirm that the tree that your attention trade you are attempting to the place of the one that you truly want to place.
Once we can do that once you read through it we click on the place order button and we will go back to our account details page.
And we can do that if we already have it open you can click on the find active tools tab at the top and then you can actually select the account details order status and this will actually open up the account details page and if we look at our order status page we have an open order on Ford and we're showing the twelve dollars seventy two cents a share price I'm good until canceled.
And we can actually see where the order was submitted and also our order number.
Okay I want to cancel this order I can call I can right click and you'll see a drop down menu that comes down the second option is cancel order so I'm just going to select that and then I'll read my read back again.
So it's basically saying canceling order I will click on cancel order and once we do that our order will be canceled on a platform of pretty much instantaneously which is really nice.
Learn how to use timing features and the order details.