Bulls-
I hope you’re weekend is well!
🟢 Basic Order Types
Market Order
Executes immediately at the next available price. Prioritizes speed over price control, which can lead to unexpected execution prices during volatile markets.
Limit Order
Sets a specific price at which you’re willing to buy or sell. A buy limit order executes at or below your set price, while a sell limit order executes at or above it. This ensures price control but doesn’t guarantee execution.
🛑 Stop and Stop Limit Orders
Stop Loss Order
Triggers a market order to buy or sell once the stock reaches a specified price, known as the stop price. This can help limit losses but may execute at a price significantly different from the stop price in fast-moving markets.
Stop Limit Order
Combines a stop order with a limit order. Once the stop price is reached, it triggers a limit order to buy or sell at a specified price or better. This provides price control but doesn’t guarantee execution if the market moves away from the limit price.
🔁 Trailing Stop Orders
Trailing Stop Loss Order
Sets the stop price at a fixed amount or percentage below (for sell orders) or above (for buy orders) the market price. As the market price moves in your favor, the stop price adjusts accordingly. If the market price then moves against you by the trailing amount, a market order is triggered.
Trailing Stop Limit Order
Similar to a trailing stop loss, but triggers a limit order instead of a market order when the trailing amount is reached. This provides price control but, like other limit orders, doesn’t guarantee execution.
I used charts like this for options, orders, correlations and such when I was learning. Highly important to know and this way is the easiest!
Our stop orders have been keeping guaranteed profits in our hands as we add upward volatility: please use on all trades. Text me if you have any issues.
AFG, LFG, LGR!
Sherpa
Chase McPheeters
832-589-9687