What are some best practices for using 'good for day' and 'good till cancelled' order types in cryptocurrency trading?

1 answers

• May 06, 2022 · 3 years ago
  When it comes to using 'good for day' and 'good till cancelled' order types, it's important to consider your trading goals and time frame. 'Good for day' orders are best suited for short-term trades or if you want to take advantage of specific market conditions within a day. On the other hand, 'good till cancelled' orders are more suitable for longer-term trades or if you want to set up a trade and let it run until it is filled or manually canceled. Remember to regularly review and adjust your orders based on market conditions and your trading strategy. Happy trading!
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