#OrderTypes101
“#OrderTypes101” typically refers to a beginner’s guide to different types of orders used in trading or investing. Here's a quick breakdown of the most common order types:
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## 🧾 #OrderTypes101: Basics of Trading Orders
### 1. **Market Order**
* **Definition**: Buys or sells immediately at the current market price.
* **Best for**: Fast execution.
* **Risk**: Price can change quickly in volatile markets.
### 2. **Limit Order**
* **Definition**: Buys or sells at a specific price or better.
* **Best for**: Control over price.
* **Risk**: Might not get filled if the market doesn’t reach your price.
### 3. **Stop Order (Stop-Loss Order)**
* **Definition**: Becomes a market order once a certain price is hit.
* **Best for**: Limiting losses or protecting profits.
* **Risk**: May be executed at a worse price during rapid market moves.
### 4. **Stop-Limit Order**
* **Definition**: Becomes a limit order (not market order) when the stop price is hit.
* **Best for**: More control than a stop order, with defined limits.
* **Risk**: Might not get filled during fast price swings.
### 5. **Trailing Stop Order**
* **Definition**: Stop price adjusts automatically with market price movements.
* **Best for**: Locking in profits while letting trades run.
* **Risk**: Still may be affected by sudden reversals.
### 6. **Fill or Kill (FOK)**
* **Definition**: Must be filled immediately in full or canceled.
* **Best for**: Large orders where partial fills are not acceptable.
### 7. **Good ‘Til Canceled (GTC)**
* **Definition**: Stays active until manually canceled.
* **Best for**: Long-term strategies.
* **Note**: Some platforms auto-cancel after a certain time (e.g., 30-90 days).
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Would you like a visual cheat sheet or a specific use-case example (e.g., crypto, stocks, or options)?
