share trading

[Icatcher]

HI,

What does limit-day mean for share trading? Does it mean the order only lasts for a day? I can hold the share as long as I want,right?

[BigDeal]

Yes, and yes !

1) If you place an order you choose how long you want that order to be active. The day limit means your buy or sell order will expire at the end of the trading day for that stock if it hasn't executed (eg 16:30 for LSE etc..)  You can choose an alternative to 'limit day' which is normally 'good til cancelled', which as the name suggests will remain an active order until you decide otherwise.

2) You choose how long you want to own the shares