#OrderTypes101 Market Orders
What: Buy/sell immediately at current market price
Speed: Instant execution
Risk: Price slippage in volatile markets
Limit Orders
What: Buy/sell only at your specified price or better
Control: Exact price control
Risk: May not execute if price doesn't reach your level
Stop Orders (Stop-Loss)
What: Triggers market order when price hits your stop level
Purpose: Limit losses or protect profits
Becomes: Market order once triggered
Stop-Limit Orders
What: Triggers limit order when stop price is hit
Benefit: Price control even after trigger
Risk: May not execute in fast-moving markets
Trailing Stop
What: Stop level automatically adjusts with favorable price movement
Example: Trails 5% below highest price reached
Benefit: Locks in profits while allowing upside
