#OrderTypes101

In trading, understanding order types is crucial for executing the right strategy. The most basic is a Market Order, which buys or sells immediately at the best available price. It’s fast but may not offer the best value in volatile markets.

A Limit Order sets a specific price to buy or sell, offering more control. It only executes when the market hits your price, which can mean missed opportunities if the price doesn’t move as expected.

Stop Orders activate when a stock hits a specific price. A Stop-Loss Order helps minimize losses, while a Stop-Limit Order adds control by setting both a trigger and a limit price.

There’s also Trailing Stop Orders, which move with the market to lock in profits as prices rise.

Each order type serves a purpose—whether for speed, control, or risk management. Mastering them is key to smarter trading decisions.