#OrderTypes101 Market Order: Buy or sell instantly at the best available price. Fast but no price control.
š¹ Limit Order: Set your desired price to buy/sell. Trade only executes when the market hits that priceāgreat for planning entries/exits.
š¹ Stop-Limit Order: Combines a trigger price (stop) and an actual price (limit). Useful for risk managementāthink stop-loss or breakout strategies.
š¹ Stop Market: Similar to stop-limit, but executes at market price once the stop is hitāfaster execution in volatile markets.
š¹ OCO (One Cancels the Other): Place a stop-limit and a limit order together. When one executes, the other is canceled. Smart for managing trades when youāre not watching 24/7.