#OrderTypes101 Understanding the Basics

Before you place your next trade, know your order types! Here’s a quick breakdown:

🔹 Market Order – Executes immediately at the best available price. Great for speed, but price can slip.

🔹 Limit Order – Set the exact price you're willing to buy/sell at. Ideal when you want control over entry/exit.

🔹 Stop Order – Triggers a market order when a set price is reached. Often used to cut losses or lock in gains.

🔹 Stop-Limit Order – Triggers a limit order at a specific price. More control, but no guarantee of execution.

🔹 Trailing Stop – Moves with the market, helping you lock in profits as the price rises or falls.

🧠 Choosing the right order type is key to managing risk and maximizing gains. Don’t just trade—trade smart.