#OrderTypes101

Understanding "Order Types 101" is crucial for any trader. These are instructions you give to a brokerage or exchange to buy or sell an asset.

* Market Order: Simplest. Executes immediately at the best available current price. Guarantees execution, not price.

* Limit Order: Buy or sell at a specific price or better. For buys, it's your max price; for sells, your min. Guarantees price, not execution.

* Stop Order (Stop-Loss): Becomes a market order when a specified "stop price" is hit. Used to limit losses or protect profits.

* Stop-Limit Order: Combines stop and limit. Becomes a limit order when the stop price is hit, then executes only at the limit price or better. Offers more price control than a stop order.

* Trailing Stop: A dynamic stop order that adjusts as the price moves in your favor, locking in profits while allowing for further gains.