Question

24 Which of the following are true? a Unless you give your broker specific instructions to...

24

Which of the following are true?

a

Unless you give your broker specific instructions to the contrary, orders to buy or sell a stock are day orders.
b

Orders that have been placed but not executed during regular trading hours will automatically carry over into after-hours trading but not the next regular trading day.
c

Similarly, day orders placed during after-hours trading will automatically carry over into the next regular trading day.
d

If your order is not executed during a trading session, you are not allowed to place a new order in the next trading session.
e

all of the options
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Answer #1

Ans) a. Unless you give your broker specific instructions to the contrary, orders to buy or sell a stock are day orders

Order placed are consider as day orders only unless instructed to the broker

Option B is false becaue orders taht have been places and not executed during regular trading hours will not automatically carry over into after hours trading or next regular trading day

Option C is false because day orders placed during after hour tradin will be executed during after hour session only

Option D is false because If an order is not executed during a trading session , one has to put new order in next trading session

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