#OrderTypes101 The hashtag #OrderTypes101 likely refers to a beginner’s guide or introductory explanation of different types of orders, most commonly in the context of trading, e-commerce, or logistics. Here’s a breakdown depending on the context:

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📈 In Trading (Stocks, Crypto, Forex)

Common Order Types:

1. Market Order

• Executes immediately at the current market price.

• Used when you want to buy or sell quickly.

2. Limit Order

• Executes only at a specific price or better.

• Great for setting entry or exit points.

3. Stop Order (Stop-Loss)

• Triggers a market order once a specific price is reached.

• Helps limit losses or protect gains.

4. Stop-Limit Order

• Combines stop and limit orders.

• Triggers a limit order at a specified price.

5. Trailing Stop Order

• Follows the price by a set percentage or amount.

• Locks in profits while allowing room for growth.

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🛒 In E-Commerce

Order Types Could Include:

1. Standard Order – Regular purchase.

2. Backorder – Item is out of stock but will be shipped when available.

3. Pre-Order – Order placed for a product before it’s released.

4. Recurring Order – Subscription-based or scheduled regular orders.

5. Drop-Ship Order – Seller sends order to third party who ships directly to customer.

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🚚 In Logistics & Supply Chain

1. Purchase Order (PO) – Buyer to supplier for goods/services.

2. Sales Order – Seller to buyer confirming a sale.

3. Work Order – Instructions to perform a task or job.

4. Transfer Order – Moves stock between locations.

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