What is GFD in Trading?

[dlubyhzm71]

Hi can someone please let me know what is Good for Day in Trading in a simple way

Thanks in advance

[DocJoyGex]

DEFINITION of 'Day Order'

An order to buy or sell a security that automatically expires if not executed on the day the order was placed. A day order is an order that is good for that day only. If it is not filled it will be canceled, and it will not be filled if the limit or stop order price was not met during the trading session.

[domressindinee]

Answer: A day trader is a investor who attempts to profit by making rapid trades intraday. A day trader often closes out all trades before the market close and does not hold any open positions overnight. Some day traders use leverage to magnify the returns generated from small stock price movements.

[DonaldGarty]

An order to buy or sell a security that automatically expires if not executed on the day the order was placed. A day order is an order that is good for that day only. If it is not filled it will be canceled, and it will not be filled if the limit or stop order price was not met during the trading session.

[Donaldtew]

A day order is an order that is good for that day only. If it is not filled it will be canceled, and it will not be filled if the limit or stop order price was not met during the trading session.