Asked on 30 Jun 2019
Yeap that's possible! There is an option you can select for your order, by default it's set as "Day". That means by end of day, if it's not filled, it will be cancelled. There is also another GTD option which means Good-Till-Date, where your order will be in effect at the price & date that you stated.
Yes, you can and if the trade is not executed, it will be purge off after the market is closed in the next trading day.
You can also place a GTD (good to date) order and queue for 1 month. The order will be removed after the expiry date.
Yes, most platforms allow you to do that. It will just queue till the next trading day and execute if the price and quantity matches.
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Yes, this is how i actually put my market orders. Looked at the closing bid/ask volumes then decide whats a reasonable price target that can be achieved on the next opening day.