Time-Of-Day Order

Filed Under » ,
Dictionary Says

Definition of 'Time-Of-Day Order'

An order to buy or sell an asset that is placed at a specific time period during a trading session. A time-of-day order enters the market at a predetermined minute and remains good until canceled, unless otherwise specified.
Investopedia Says

Investopedia explains 'Time-Of-Day Order'

Time-of-day orders allow investors to enter the market at very specific time intervals. An investor looking to place an order immediately following a press conference or news release can use a time-of-day order to be executed the minute following the event. For example, a time-of-day order may be placed to sell 100 shares of Microsoft on July 15, at 1:15pm.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Day Order

    An order to buy ...
  2. Good 'Til Canceled - GTC

    An order to buy ...
  3. Market Order

    An order that an ...
  4. Conditional Order

    A type of order ...
  5. Stop Order

    An order to buy ...
  6. Limit Order

    An order placed ...
  7. Discretionary Order

    An order giving ...
  8. Close

    The end of a ...
  9. SOES Bandits

    A slang term for ...
  10. Broad Tape

    A modern version ...

Articles Of Interest

  1. The Nitty-Gritty Of Executing A Trade

    Ever wonder what happens behind the scenes when you buy or sell a stock? Read on and find out!
  2. Electronic Trading Tutorial

    Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more.
  3. Brokers and Online Trading

    How do you find the right broker for your investment needs? Start by reading our broker tutorial.
  4. An Introduction To Day Trading

    This article will take an objective look at day trading, who does it and how it is done.
  5. Day Trading Strategies For Beginners

    From picking the right type of stock to setting stop-losses, learn how to trade wisely.
  6. Triple Screen Trading System - Part 2

    Market tide is the basis for making trading decisions in this three-part system.
  7. Invest Like A Pro

    By following the strategies of the pros, even a beginner can learn to invest like an expert.
  8. Can Regular Investors Beat The Market?

    With the big name competition out there, hard-working people who invest have a tough time beating the market.
  9. 4 Signs You're Addicted To Investing

    Compulsive trading will ratchet up your transaction costs, stress level and time spent away from the important things in life.
  10. Losing To Win

    Adopting realistic expectations is essential to staying in the trading game.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center