#OrderTypes101

Master the Basics, Trade Smarter ๐Ÿ’ก

Whether you're diving into the stock market or managing an online store, understanding order types is essential. Theyโ€™re the foundation of how transactions happen โ€” and knowing which one to use can make or break your strategy.

Hereโ€™s a quick breakdown:

โœ… Market Order โ€“ Buy/sell immediately at the best available price. Fast but less control.

โณ Limit Order โ€“ Set your preferred price. The order only executes when the market hits it. Great for precision.

๐Ÿ”’ Stop Order โ€“ A trigger-based order that turns into a market order once a certain price is hit. Useful for minimizing losses.

๐ŸŽฏ Stop-Limit Order โ€“ Adds precision to the stop order by defining both the trigger and the price limit.

๐Ÿง  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. ๐Ÿงญ