#OrderTypes101

Nice hashtag! Want a quick breakdown of common order types in trading for your #OrderTypes101? Here’s a simple cheat sheet:

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📘 Order Types 101

1. Market Order

🔹 Buy/Sell immediately at the best available price.

✅ Fast execution

⚠️ No price control

2. Limit Order

🔹 Buy/Sell at a specific price or better.

✅ Price control

⚠️ No guarantee of execution

3. Stop Order (Stop-Loss)

🔹 Becomes a market order when a certain price is hit.

✅ Used to cut losses or lock profits

⚠️ May execute at worse prices in volatile markets

4. Stop-Limit Order

🔹 Becomes a limit order when stop price is hit.

✅ Combines stop and limit

⚠️ May not execute if limit isn’t met

5. Trailing Stop Order

🔹 Stop price trails the market price by a set % or amount.

✅ Locks in profits as price moves favorably

⚠️ Can trigger during volatility

6. Good-Til-Canceled (GTC)

🔹 Stays active until manually canceled or filled

✅ Great for long-term setups

⚠️ Needs regular review

7. Immediate-Or-Cancel (IOC)

🔹 Executes all or part instantly; cancels remainder.

✅ Great for fast-moving markets

⚠️ Partial fills possible

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