#OrderTypes101
Master the Basics, Trade Smarter ๐ก
Whether you're diving into the stock market or managing an online store, understanding order types is essential. Theyโre the foundation of how transactions happen โ and knowing which one to use can make or break your strategy.
Hereโs a quick breakdown:
โ Market Order โ Buy/sell immediately at the best available price. Fast but less control.
โณ Limit Order โ Set your preferred price. The order only executes when the market hits it. Great for precision.
๐ Stop Order โ A trigger-based order that turns into a market order once a certain price is hit. Useful for minimizing losses.
๐ฏ Stop-Limit Order โ Adds precision to the stop order by defining both the trigger and the price limit.
๐ง Trailing Stop โ Automatically adjusts with market movement to lock in profits while limiting losses.
No matter your goal โ investing smarter or selling better โ knowing your order types gives you the edge. ๐งญ