#OrderTypes101 Visual (simplified structure)
Order Executes Immediately? Sets Price? Ideal for...
Market ✅ ❌ Speed
Limit ❌ ✅ Target Price
Stop-Loss ❌ (is activated) ✅ Loss protection
Stop-Limit ❌ ✅ Control + protection
Trailing Stop ✅/❌ Partial Take advantage of trends
OCO ❌ ✅ Dual automatic management