#OrderTypes101 Here’s a concise 150-word bullet point explanation of #OrderTypes101 to help you understand the most common order types in trading:

Market Order

Executes immediately at the current market price.

Best for fast execution but may have slippage.

Limit Order

Sets a specific price to buy/sell.

Only executes when the market reaches your price.

Offers price control, not guaranteed execution.

Stop-Loss Order

Automatically sells/buys once a certain price is hit.

Protects against major losses.

Commonly used in risk management.

Stop-Limit Order

Combines stop and limit features.

Sets a stop price to trigger and a limit price to execute.

Adds control but may not fill if price gaps.

Trailing Stop Order

Moves with the market price by a set percentage or amount.

Locks in profits while limiting downside.

OCO (One Cancels the Other)

Two orders linked; if one executes, the other is canceled.

Useful in breakout or breakdown strategies.