#OrderTypes101

**#OrderTypes101**

When trading stocks, understanding order types is crucial. A **market order** buys or sells immediately at the best available price. It's fast but offers less control over price. A **limit order** sets a specific price to buy or sell. It ensures price control but may not execute if the market doesn’t hit your limit. A **stop order** becomes a market order once a set price is reached—often used to limit losses. A **stop-limit order** triggers a limit order at a specific price, offering more control but no execution guarantee. **Trailing stop orders** adjust automatically with market movement, locking in profits. Each order type suits different goals—speed, price control, or risk management. Mastering these helps you trade smarter and manage risk better. Always choose the right tool for your strategy.