Can I set a day order and a GTC order simultaneously for the same cryptocurrency trade?

10 answers

• akhil varshSep 13, 2023 · 2 years ago
  Yes, you can set both a day order and a GTC order simultaneously for the same cryptocurrency trade. A day order is valid only for the current trading day and will be automatically canceled if it is not executed by the end of the day. On the other hand, a GTC order remains active until it is filled or manually canceled by the trader. By setting both order types, you can have the flexibility to either execute the trade within the day or keep the order open for a longer duration.
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• pankaj guptaJun 23, 2021 · 4 years ago
  Definitely! You have the option to place a day order and a GTC order together for the same cryptocurrency trade. This allows you to take advantage of short-term price movements while also keeping a long-term position open. Just make sure to specify the order type correctly when placing the trade on your chosen exchange platform.
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• Dowling RalstonAug 31, 2021 · 4 years ago
  Absolutely! You can place a day order and a GTC order simultaneously for the same cryptocurrency trade. This feature is available on most reputable cryptocurrency exchanges. For example, on BYDFi, you can easily set both order types for your trade. The day order will be valid until the end of the trading day, while the GTC order will remain active until it is filled or canceled. It's a great way to have more control over your trading strategy.
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• DarwinAwardWinnerFeb 19, 2022 · 3 years ago
  Yes, it is possible to set a day order and a GTC order at the same time for a single cryptocurrency trade. This allows you to take advantage of short-term price fluctuations while also maintaining a long-term position. However, please note that not all exchanges may support this feature, so it's important to check the specific platform you are using.
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• Rasch HendricksJan 17, 2022 · 4 years ago
  Definitely! You can place both a day order and a GTC order simultaneously for the same cryptocurrency trade. This gives you the flexibility to either execute the trade within the day or keep the order open for a longer period. Just make sure to select the appropriate order types when placing your trade on the exchange platform.
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• HailingNov 27, 2020 · 5 years ago
  Yes, you can set both a day order and a GTC order at the same time for a single cryptocurrency trade. This allows you to have more control over your trading strategy by taking advantage of short-term price movements and maintaining a long-term position. However, please note that the availability of this feature may vary depending on the exchange platform you are using. It's always a good idea to check the platform's documentation or contact their support for specific instructions.
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• Rika An RokhimJul 09, 2022 · 3 years ago
  Yes, it is possible to place both a day order and a GTC order simultaneously for the same cryptocurrency trade. This feature is commonly supported by reputable cryptocurrency exchanges. However, it's important to note that the execution of these orders will depend on market conditions and liquidity. It's always recommended to carefully consider your trading strategy and consult with professionals if needed.
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• ensta_0Feb 23, 2025 · 6 months ago
  Indeed! You have the ability to set both a day order and a GTC order at the same time for a single cryptocurrency trade. This allows you to have more flexibility in managing your trades and taking advantage of different market conditions. Just make sure to double-check the order types and durations before placing the trade.
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• 21 - M Rifqi AlfariziSep 01, 2021 · 4 years ago
  Yes, you can set a day order and a GTC order simultaneously for the same cryptocurrency trade. This gives you the option to either execute the trade within the day or keep the order open for a longer period of time. It's a useful feature for traders who want to take advantage of short-term price movements while also maintaining a long-term position.
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• Aditya SajjiJan 15, 2022 · 4 years ago
  Certainly! You can place both a day order and a GTC order at the same time for a single cryptocurrency trade. This allows you to have more control over your trading strategy by combining short-term and long-term positions. Just make sure to specify the order types correctly when placing the trade on your chosen exchange platform.
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