StopLossOrder

#OrderTypes101
ChatGPT said:
Understanding order types is crucial for effective trading. Here's a concise overview of key order types:

Market Order: Executed immediately at the current market price.

Limit Order: Sets a specific price; only executes if the market reaches that price.

Stop-Loss Order: Becomes a market order once a specified price is hit, aiming to limit losses.

Stop-Limit Order: Combines stop and limit orders; triggers a limit order once the stop price is reached.

Trailing Stop Order: Adjusts with market movements to protect gains.

Good-'Til-Canceled (GTC) Order: Remains active until executed or canceled.

Day Order: Expires if not executed by the end of the trading day.

Fill-or-Kill (FOK) Order: Requires immediate full execution or is canceled.

Immediate-or-Cancel (IOC) Order: Partially filled orders are canceled immediately.

All-or-None (AON) Order: Requires the entire order to be filled at once.
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Each order type serves a specific purpose, allowing traders to manage execution speed, price control, and risk. Selecting the appropriate order type aligns with individual trading strategies and market conditions.
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#TradingBasics #OrderTypes #MarketOrder #LimitOrder #StopLossOrder #TradingStrategies