Entries & Exits

Limit on Close Orders

Limit on close orders enable you to exit trades for a specific price at the end of the trading day. There are pros and cons to using limit on close orders.
Limit on Close Orders
Kirk Du Plessis
Apr 19, 2021

If you don't have much time to trade options, using limit on close orders can help you exit your trades at a specific price near the end of the day. But there are some drawbacks, mainly that if your price doesn't hit at the end of the day you are not out of the trade. We'll dig deeper into these custom orders in this tutorial.

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Market on Close Orders
Market on close orders enable you to exit trades at the fair market price when the market is closing. There are pros and cons to using market on close orders.

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