End of Day Order
a.k.a. Day order, EOD order
A pending order that is automatically cancelled if it has not been filled by the end of the trading day.
In plain English
A pending order that is automatically cancelled if it has not been filled by the end of the trading day.
An end of day order lives for one session only. If price never reaches your level by the close, it disappears.
It keeps old orders from sitting forgotten on your account. Compare good till cancelled, which stays until you remove it.
Keep this word for good
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