#OrderTypes101 In the stock market, order types define how an order is executed and handled. The most common types include market orders, limit orders, and stop orders, each with distinct features and purposes. Market orders are filled immediately at the best available price, while limit orders allow you to specify a price at which to buy or sell. Stop orders are triggered when a specific price is reached, often used for risk management.

Common Order Types:

Market Order: Executed immediately at the best available price in the market.

Limit Order: Allows you to specify a price to buy or sell, with the order only executing if the price is met or better.

Stop Order: A market order triggered when the price reaches a specified level, often used for risk management.

Stop-Loss Order: A stop order used to limit potential losses if the market moves against you.

Take-Profit Order: A stop order used to lock in gains by setting a price to sell if the market moves in your favor.

Good Till Canceled (GTC): An order that remains active until it is filled or canceled by the trader.

Day Order: An order that expires at the end of the trading day if not filled.

After Market Order (AMO): An order that can be placed outside regular market hours and executed when the market opens the next day. Good Till Canceled (GTC): An order that remains active until it is filled or canceled by the trader. 

Day Order: An order that expires at the end of the trading day if not filled. 

After Market Order (AMO): An order that can be placed outside regular market hours and executed when the market opens the next day. 

Immediate or Cancel (IOC) Order: An order that requires immediate execution of the entire quantity or cancels the remaining quantity if not filled immediately. Fill or Kill (FOK): An order that is either filled entirely or canceled if not filled immediately.

All or None (AON): An order that requires the entire quantity to be filled or the order is canceled.