The hashtag #OrderTypes101 suggests an introductory or educational overview of different types of orders—likely in a trading, financial, or e-commerce context. Here's a breakdown based on the two most common interpretations:
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📈 In Trading/Investing (Stocks, Crypto, etc.):
1. Market Order
Executes immediately at the best available price.
🟢 Pros: Fast execution.
🔴 Cons: Price may vary in fast-moving markets.
2. Limit Order
Sets a specific price at which you want to buy/sell.
🟢 Pros: Price control.
🔴 Cons: May not get filled if the price isn't reached.
3. Stop Order (Stop-Loss)
Becomes a market order once a certain price is hit.
🟢 Pros: Helps limit losses.
🔴 Cons: No control over final execution price.
4. Stop-Limit Order
Combines stop and limit orders: triggers a limit order at a set stop price.
🟢 Pros: Better price control.
🔴 Cons: Risk of no execution.
5. Trailing Stop Order
Adjusts with market price, maintaining a set distance.
🟢 Pros: Locks in profits while limiting loss.
🔴 Cons: Can be triggered by short-term fluctuations.
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🛒 In E-commerce/Logistics:
1. Standard Order
Typical customer order processed and shipped.
2. Backorder
Order placed for an item not currently in stock.
3. Pre-order
Order for a product that