Great! It looks like you're interested in learning about Order Types—likely in the context of trading (stocks, crypto, forex, etc.).
Here’s a quick breakdown of the most common order types used in trading:
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📘 #OrderTypes101
1. Market Order
What it is: An order to buy or sell immediately at the best available price.
Use when: You want to enter/exit a position quickly.
Risk: You may get filled at a worse price due to slippage, especially in volatile markets.
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2. Limit Order
What it is: An order to buy or sell at a specific price or better.
Use when: You want more control over the price you get.
Risk: The order may never get filled if the market doesn’t reach your price.
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3. Stop Order (aka Stop-Loss)
What it is: An order that becomes a market order once a specific price is hit.
Use when: You want to limit losses or protect profits.
Example: You set a stop-loss at $95 on a stock currently at $100. If the
