#OrderTypes101
šĀ Market Order
š„Ā Just Buy It!
š You place an orderĀ at the current market price. Fast, but no guarantees on exact price!
ā Use it when speed matters.
šÆĀ Limit Order
š°Ā I Know My Price!
š You set your price, and the system waits to match it.
ā Use it when you care more aboutĀ priceĀ than speed.
š”ļøĀ Stop-Loss Order
š«Ā Save Me From Losses!
š AutomaticallyĀ sellĀ (orĀ buy) when a certain price is hit. Your safety net!
ā Use it toĀ manage risk.
šĀ OCO (One Cancels the Other)
š²Ā Two Bets, One Outcome!
š Place two orders: if one triggers, the other gets canceled.
ā Great forĀ bracket strategies.