Final answer:
Every order is a DAY order unless otherwise specified and subject to market exposure.
Step-by-step explanation:
Every order is a DAY order unless otherwise specified and subject to market exposure from.
When placing an order in the stock market, unless you specify otherwise, the order is considered a DAY order. This means that the order will be valid only for the current trading day and will be automatically canceled if it is not executed by the end of the day. However, there are also other types of orders such as good 'til canceled (GTC) or extended-hours orders that have different expiration dates.
Market exposure refers to the risk that an order is exposed to due to market conditions and fluctuations. When a market order is placed, there is a possibility that the market conditions may change before the order is executed, leading to a different price or outcome than expected.