What Are The Different Stock Order Types- By Rayner Teo

What Are The Different Stock Order Types- By Rayner Teo

Stock orders are essential tools that help traders buy or sell stocks effectively while managing risk. A market order ensures immediate execution at the best available price, while a limit order lets traders set a specific price for buying or selling. Stop-loss orders automatically sell a stock to minimize losses and stop-limit orders combine a stop price with a limit price for better control. Trailing stop orders adjust with price movement to lock in profits, while day orders are valid only for the trading day. A GTC (Good-Till-Cancelled) order remains active until executed or cancelled, and bracket orders allow traders to set both profit targets and stop-losses. Understanding these order types empowers traders to make informed decisions and optimize their strategies.