41. Stock Order Types: Demystifying The Ways to Trade Securities

There are so many different ways to buy and sell securities in your brokerage account. In this episode, we'll go over many of the different order types you may see in your brokerage account when you go to buy or sell a stock, or any securities.

What does Bid and Ask mean? What is Stop and Limit Order? What are market orders? How many different Order Types are there and what is the difference? This is your ‘set it and forget it” overview of order types for trading securities through your brokerage firm.

Remember These Things:

Take taxable events into account (capital gains, losses, selling before holding for 1 year, etc.)

Don’t try to time the market.

This is education, not advice. 😉

Limit Order vs Market Order:

Limit Order guarantees price not execution

Market Order guarantees execution

Trading Order Types Vocabulary:

Market Mechanics

Bid & Ask Price

Market Order

Limit Order

Stop Loss Order

Trailing Stop Loss

Stop Price

Limit Price

Conditional Order Types

FOK = Fill Or Kill

GTC = Good Till Canceled

OTO = One Triggers Other

OTOCO = One Triggers Other Cancel Other

SPX = S&P 500 Indice Symbol

FINRA has a good explanation of Order Types

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About Us 🌚🌞 Market MakeHer is an investing education podcast taught by a 15-year finance expert to her friend, a beginner investor. Our mission is to demystify the stock market and make financial literacy accessible to all self-directed investors! We teach complex investing topics in a different way - from "Her" perspective. Important Disclosures:
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