Stock trading may be a gambling or business depending upon the risk taken to reward expected in a trade. Studying the trends, buyer & seller behaviours and demand & supply zones aids in developing a trade plan thereby making the stock trading a business and not gambling.
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Hi,
IOC orders execute immediately and cancel any unfilled portion. Actually, the Institution trader uses IOC orders to complete large orders at a particular price. So, Day order is preferable for a retail trader.