Duration of market order

When I place a buy or sell order, there doesn’t seem to be any difference in the brokers fee whether I choose 1 day or 1 month or anything in between. Is there any disadvantage of just choosing the longest duration (1 month listing) every time?

Not really in most cases. Some people might have a lot of orders up and if a price is peaking or dipping on an item you could try to get a high price (or low for the buy side) but if it doesn’t fill in x time then give up and free the slot, saving time to micro manage that aspect.

thank you!

This topic was automatically closed 90 days after the last reply. New replies are no longer allowed.