#OrderTypes101 📈 If You're Talking About Trading/Stock Market Orders (Finance):

Here are the most common order types:

1. Market Order

Executes immediately at the best available price.

🔹 Best for: Quick execution

⚠️ Risk: Price may change before execution in volatile markets.

2. Limit Order

Buy/sell at a specific price or better.

🔹 Best for: Price control

⚠️ Risk: May not execute if the market doesn't reach your price.

3. Stop Order (Stop-Loss)

Becomes a market order when a trigger price is hit.

🔹 Best for: Limiting losses

⚠️ Risk: May execute at a worse price due to slippage.

4. Stop-Limit Order

Triggers a limit order when the stop price is hit.

🔹 Best for: Controlled execution

⚠️ Risk: May not fill if the limit price isn’t met.

5. Trailing Stop Order

A stop order that moves with the market.

🔹 Best for: Locking in profits as a stock rises/falls.

6. Good-‘Til-Canceled (GTC)

Stays open until it’s executed or manually canceled.

🔹 Best for: Long-term position planning.