Choosing the Right Order Type
Market Order
Executes immediately at the best available price. Use for liquid stocks when speed matters more than price.
Limit Order
Sets the maximum price you will pay (buy) or minimum you will accept (sell). Guarantees price but not execution.
Stop Order
Becomes a market order when the stop price is reached. Used for stop-losses or breakout entries.
Stop-Limit Order
Becomes a limit order when the stop price is reached. Offers more control but may not execute in fast markets.