#OrderTypes101 Order types are instructions traders use to buy or sell assets like stocks, options, or crypto. The most common is the **market order**, which executes immediately at the best available price. A **limit order** sets a specific price—only executing if the asset reaches that level. A **stop order** becomes a market order once a set price (the stop) is hit. A **stop-limit order** adds precision by combining stop and limit conditions. **Trailing stops** adjust with price movement to protect gains. Understanding order types helps manage risk and strategy, whether you're day trading, investing long term, or automating trades.