#OrderTypes101 It looks like you're referencing #OrderTypes101, which often relates to trading or e-commerce. Here’s a brief breakdown of common order types in each context, so you can clarify or expand depending on your goal:
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🟩 If you're talking about Stock or Crypto Trading:
#OrderTypes101 – Common Trading Order Types
1. Market Order
Buys/sells immediately at the best available price.
✅ Fast execution
⚠️ May get less favorable prices in volatile markets.
2. Limit Order
Sets a specific price to buy/sell.
✅ More control over price
⚠️ Might not execute if the market doesn’t reach your limit.
3. Stop Order (Stop-Loss)
Becomes a market order once a certain price is hit.
✅ Helps limit losses
⚠️ Can trigger unexpectedly during price spikes.
4. Stop-Limit Order
Becomes a limit order after a trigger price is reached.
✅ Combines protection and control
⚠️ May not execute if price moves too fast.
5. Trailing Stop Order
Moves with the market price to lock in profits while limiting loss.
✅ Dynamic risk management
⚠️ Can be triggered by temporary price reversals.
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🟦 If you meant E-commerce or Food Delivery Orders:
#OrderTypes101 – E-commerce / Restaurant Ordering
1. Pickup Order
Customer orders online and collects it in person.
✅ No delivery fees, faster for nearby users.
2. Delivery Order
Order is brought to the customer’s location.
✅ Convenience
⚠️ Delivery time and charges may vary.
3. Dine-In Pre-Order
Customer orders ahead before arriving at the restaurant.
✅ Saves time during busy hours.
4. Scheduled Order
Placed in advance for a specific time/date.
✅ Great for planning ahead (e.g., party orders).
5. Subscription Order
Recurring deliveries (e.g., meal kits, coffee beans).
✅ Automated and convenient