Investment Language 101 Series: TERM OF THE DAY: -- What Is: ' Time in Force ' | E.42 | Trading Candle Cheat Sheet Incl. Each Episode.
A series designed to help all the new people flooding into & entering Crypto/Investments daily who get thrown into the rabbit hole so to speak and everything is new to them.
It is a TLDR / Short Form Series, covering ONLY one thing each episode in blue collar, easy to understand language to give a SHORT OVERVIEW of the term or lesson of the day.
It is specifically designed this way to keep it short and simple.
People can then search out extra info if they wish.
I've never seen a regular series or resource running on Steemit to continually address this basic need so I decided to do it.
TERM OF THE DAY:
What is....
' Time in Force ' ?
--
Time in force is a special instruction used when placing a trade to indicate how long an order will remain active before it is executed or expires. These options enable traders to be more specific about the time parameters surrounding a given order. This is especially important for active traders.
--
Breaking Down...
' Time in Force ' :
--
Time-in-force orders are a great way for active traders to ensure that they don’t accidentally execute trades. By setting time parameters, they can focus on finding new opportunities instead of remembering to cancel old trades. Unintended trade executions can be very costly if they occur during volatile market conditions where prices are rapidly changing.
-- Types of Time In Force Orders:
There are several different types of time-in-force orders for traders to consider, but the availability of these order types depends on each individual broker. Some brokers only offer a limited set of order types, while those catering to active traders may have more options.
The most popular types of orders include:
Day orders
-- are canceled if the trade does not execute by the close of the trading day. Often times, these are the default order type for many brokerage accounts.
--
Good-Til-Canceled orders
-- will continue to be effective until it executes or is canceled. Some common exceptions to the rule include stock splits, distributions, account inactivity, modified orders, and during quarterly sweeps.
--
Fill-or-Kill orders
-- are canceled if the entire order does not execute as soon as it becomes available. Often times, this is used to avoid purchasing shares in multiple blocks at different prices and ensure an entire order executes at a single price.
Some less common order types include Market-on-Open and Limit-on-Open orders, which execute as soon as a market opens; immediate-or-cancel orders that must be filled immediately or are canceled; and, day-til-canceled orders that are deactivated at the end of the day instead of canceled, which makes it easier to re-transmit the order later.
Using Time in Force:
Most active traders use limit orders to control the price that they pay for a stock, which means that it’s necessary to set a time-in-force option to control how long the order stays open. While day orders are the most common type of order, there are many circumstances when it makes sense to user other order types.
Fill-or-kill orders are popular during fast-moving markets where a day trader wants to ensure that they get a good price on a trade. On the other hand, a good-til-canceled order may be a great option for a long-term investor who is willing to wait for a stock to reach their desired price point before pulling the trigger. The latter situation could involve waiting several days – or even weeks – for a trade to execute at the desired price.
Many brokers use different terminology for these order types, while other stick to acronyms like DAY, GTC, OPC, IOC, GTD, and DTC. Traders should be familiar with these acronyms and terms before getting started to ensure that they’re placing the right trades and controlling for the time that the trades remain available for execution.
Your Friend in Liberty, Barry.
Trading Candle Cheat Sheet:
--
Further Reading/Source/Resources
Friend of the People -- Enemy of the State.
--
I am leaving these images I made here until I figure out one that fits properly and looks right for the first/main image for the post/series.
--
Since Steemit dev's changed the size of the picture frame that shows, it has honestly been a real problem getting images to match the screen, it was perfectly fine months ago before they messed around with it.
SMH.
Bitshares 101 Focus/Resources Section:
for New Crypto Folks.
https://bitshares.org/
--
-- Bitshares is a Trading platform, and a LOT more.... designed by blockchain wizard here Dan Larimer - @dan / @dantheman.
I've blogged on him, and BTS many many times.
It's a place you can use that is decentralized, with an active community, to use trading lessons like this, that we are learning together.
Just a few of my past $BTS blogs....
to help you apply lessons today!
--
Thanks for reading, have a nice day.
PixaBay has tons of free pictures for us all to use!!!
Super Easy/Fast Picture Edits / Resizing at: http://www.picresize.com/ and also https://www298.lunapic.com/editor/
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
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Most Images: Gif's - via Giphy.com , Funny or Die.com / Pixabay. Today:
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
A series designed to help all the new people flooding into & entering Crypto/Investments daily who get thrown into the rabbit hole so to speak and everything is new to them.
It is a TLDR / Short Form Series, covering ONLY one thing each episode in blue collar, easy to understand language to give a SHORT OVERVIEW of the term or lesson of the day.
It is specifically designed this way to keep it short and simple.
People can then search out extra info if they wish.
I've never seen a regular series or resource running on Steemit to continually address this basic need so I decided to do it.
TERM OF THE DAY:
What is....
' Time in Force ' ?
--
Time in force is a special instruction used when placing a trade to indicate how long an order will remain active before it is executed or expires. These options enable traders to be more specific about the time parameters surrounding a given order. This is especially important for active traders.
--
Breaking Down...
' Time in Force ' :
--
Time-in-force orders are a great way for active traders to ensure that they don’t accidentally execute trades. By setting time parameters, they can focus on finding new opportunities instead of remembering to cancel old trades. Unintended trade executions can be very costly if they occur during volatile market conditions where prices are rapidly changing.
-- Types of Time In Force Orders:
There are several different types of time-in-force orders for traders to consider, but the availability of these order types depends on each individual broker. Some brokers only offer a limited set of order types, while those catering to active traders may have more options.
The most popular types of orders include:
Day orders
-- are canceled if the trade does not execute by the close of the trading day. Often times, these are the default order type for many brokerage accounts.
--
Good-Til-Canceled orders
-- will continue to be effective until it executes or is canceled. Some common exceptions to the rule include stock splits, distributions, account inactivity, modified orders, and during quarterly sweeps.
--
Fill-or-Kill orders
-- are canceled if the entire order does not execute as soon as it becomes available. Often times, this is used to avoid purchasing shares in multiple blocks at different prices and ensure an entire order executes at a single price.
Some less common order types include Market-on-Open and Limit-on-Open orders, which execute as soon as a market opens; immediate-or-cancel orders that must be filled immediately or are canceled; and, day-til-canceled orders that are deactivated at the end of the day instead of canceled, which makes it easier to re-transmit the order later.
Using Time in Force:
Most active traders use limit orders to control the price that they pay for a stock, which means that it’s necessary to set a time-in-force option to control how long the order stays open. While day orders are the most common type of order, there are many circumstances when it makes sense to user other order types.
Fill-or-kill orders are popular during fast-moving markets where a day trader wants to ensure that they get a good price on a trade. On the other hand, a good-til-canceled order may be a great option for a long-term investor who is willing to wait for a stock to reach their desired price point before pulling the trigger. The latter situation could involve waiting several days – or even weeks – for a trade to execute at the desired price.
Many brokers use different terminology for these order types, while other stick to acronyms like DAY, GTC, OPC, IOC, GTD, and DTC. Traders should be familiar with these acronyms and terms before getting started to ensure that they’re placing the right trades and controlling for the time that the trades remain available for execution.
Your Friend in Liberty, Barry.
Trading Candle Cheat Sheet:
--
Further Reading/Source/Resources
Friend of the People -- Enemy of the State.
--
I am leaving these images I made here until I figure out one that fits properly and looks right for the first/main image for the post/series.
--
Since Steemit dev's changed the size of the picture frame that shows, it has honestly been a real problem getting images to match the screen, it was perfectly fine months ago before they messed around with it.
SMH.
Bitshares 101 Focus/Resources Section:
for New Crypto Folks.
https://bitshares.org/
--
-- Bitshares is a Trading platform, and a LOT more.... designed by blockchain wizard here Dan Larimer - @dan / @dantheman.
I've blogged on him, and BTS many many times.
It's a place you can use that is decentralized, with an active community, to use trading lessons like this, that we are learning together.
Just a few of my past $BTS blogs....
to help you apply lessons today!
--
Thanks for reading, have a nice day.
PixaBay has tons of free pictures for us all to use!!!
Super Easy/Fast Picture Edits / Resizing at: http://www.picresize.com/ and also https://www298.lunapic.com/editor/
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
Most Images: Gif's - via Giphy.com , Funny or Die.com / Pixabay. Today:
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
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