Canceled Order
Canceled Order - Definition
A canceled order is an instruction to your brokerage firm to cancel a buy or sell order of a security. Canceled orders are routed in the same manner of market and limit orders. Cancellation orders are free, due to the fact no transaction actually takes place. If an order is placed at market, a trader will have to act promptly, since market orders can fill in seconds depending on the volatility of the security. Cancellation orders are more prevalent with limit orders, as traders have more time to assess their trading perspective prior to being filled. Verify that your broker provides a transaction number for your canceled order, in the off chance your initial order is later executed.
Learn Secret Day Trading Strategies
Similar Stock Articles
| Boiler Room - Fraudulent Brokerage Firms | A boiler room is an telemarketing operation where sales reps attempt to lure unknowing investors into purchasing micro cap stocks in hopes of securing a hefty commission. |
| Delisting of a Stock | Delisting of a stock is the process of removing a security from one of the major exchanges. Delistings can be either voluntary or involuntary, but generally they occur when a company is unable to maintain the financial requirements for the exchange. |
| Short Covering to Close a Position | Short covering is the act of buying back shares in order to close out a short position. Short covering is often a tough concept for novice traders to grasp, because it is the exact opposite of going long in the market. |
| Direct Access Broker Defintion & Reviews | A direct access broker is a firm that provides their clients direct access to the exchanges via electronic communication networks (ECN). Direct access brokers focus more on the trading platform and order execution. |
| Stock Tips | Avoid relying on stocks tips as it does not allow you to look at a stock through your own eyes. Also, there are many pumpers and dumpers out there on chat rooms. |
