WHAT IS A TIMED ORDER!? ⌛


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What is a timed order? If you are trading directly on an exchange you can get access to more complicated order types. Say you have a limit order that you want to go long for 10 contracts at 52.30. And we want a window of time where we want to buy that. This is what basically a timed order fulfills. If you have a GTD (good till day) order if we reach the end of the trading day this order will usually override the timed order.

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