#OrderTypes101 “#OrderTypes101” usually refers to a basic or introductory guide explaining different types of orders used in trading or e-commerce contexts. Here's a quick breakdown of each depending on the area:

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📈 In Trading (Stocks, Crypto, etc.):

1. Market Order

Buys or sells immediately at the current best available price.

✅ Fast execution, ❌ Less control over price.

2. Limit Order

Sets a specific price to buy/sell. Executes only when the market hits that price.

✅ Price control, ❌ No guarantee of execution.

3. Stop Order (Stop-Loss)

Turns into a market order once a certain price is reached.

✅ Helps limit losses, ❌ May execute at a worse price.

4. Stop-Limit Order

Combines stop and limit: once triggered, becomes a limit order instead of a market order.

✅ More precise, ❌ May not execute if limit is not met.

5. Trailing Stop Order

A stop order that moves with the market price, locking in profits as the price moves favorably.

✅ Protects gains, ❌ Can trigger on short-term volatility.

6. Fill or Kill (FOK)

Must be executed in full immediately, or not at all.

7. Good 'Til Canceled (GTC)

Stays active until executed or canceled manually (can last days/weeks).

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🛒 In E-Commerce or Fulfillment:

1. Standard Order

Regular purchase request from a customer.

2. Backorder

Order placed for an item that's temporarily out of stock.

3. Preorder

Order placed before an item is officially available.

4. Drop Ship Order

Supplier ships directly to customer, not the seller.

5. Recurring Order

Automatically repeating (e.g. monthly subscriptions).