What does the term 'good for day' mean in the context of cryptocurrency trading on Etrade?

6 answers

• RosildaDec 05, 2023 · 2 years ago
  In cryptocurrency trading on Etrade, the term 'good for day' refers to an order type that is valid only for the current trading day. It means that if the order is not executed by the end of the trading day, it will be automatically canceled. This order type is commonly used by traders who want to execute their trades within a specific time frame and do not want their orders to remain open indefinitely. It provides a level of control and certainty to traders.
  462

  231
• Bruhn GregersenDec 17, 2023 · 2 years ago
  When you place a 'good for day' order on Etrade for cryptocurrency trading, it means that the order will remain active only for the current trading day. If the order is not filled by the end of the day, it will be canceled. This order type is useful for traders who want to take advantage of short-term price movements and do not want their orders to carry over to the next trading day. It allows traders to set a specific time frame for their trades and helps them manage their positions effectively.
  501

  167
• Simon ElijahJun 23, 2023 · 2 years ago
  Well, in the context of cryptocurrency trading on Etrade, the term 'good for day' simply means that the order you place will be valid only for the current trading day. If the order is not executed by the end of the day, it will be automatically canceled. This order type is quite common and is used by traders who want to execute their trades within a specific time frame. It helps them avoid any unexpected price movements that may occur overnight or during non-trading hours. So, if you want to make sure your order is executed within the day, 'good for day' is the way to go.
  578

  145
• ThabisoJan 09, 2024 · 2 years ago
  When it comes to cryptocurrency trading on Etrade, the term 'good for day' refers to an order type that is valid only for the current trading day. It means that if the order is not filled by the end of the day, it will be canceled. This order type is useful for traders who want to actively manage their positions and take advantage of short-term price movements. By setting their orders as 'good for day', they can ensure that their trades are executed within the day and avoid any potential risks or uncertainties that may arise in the future.
  545

  109
• Agata RichtaMar 10, 2024 · a year ago
  In the context of cryptocurrency trading on Etrade, the term 'good for day' means that the order you place will be active only for the current trading day. If the order is not executed by the end of the day, it will be automatically canceled. This order type is commonly used by traders who want to limit the duration of their trades and avoid any potential risks that may arise overnight or during non-trading hours. By setting their orders as 'good for day', traders can have better control over their trading activities and manage their positions more effectively.
  567

  95
• Malgos WinstonFeb 26, 2022 · 3 years ago
  When it comes to cryptocurrency trading on Etrade, the term 'good for day' refers to an order type that is valid only for the current trading day. It means that if the order is not filled by the end of the day, it will be canceled. This order type is commonly used by traders who want to execute their trades within a specific time frame and avoid any potential risks that may arise in the future. By setting their orders as 'good for day', traders can ensure that their trades are executed promptly and have better control over their trading activities.
  554

  80