Order Types

Have you ever wondered, “what is a stop limit order?” and how to execute trades with more control? Enter the stop limit order, a type of order that combines the timing of a stop order with the price certainty of…

A trailing stop limit order is a trading mechanism that helps you safeguard profits while managing risks in a volatile market. By dynamically adjusting the stop price as the market moves, it ensures you lock in gains when prices rise…

Understanding a time-weighted average price order, or time-weighted average price order, is critical for traders aiming to execute large orders without disrupting the market. If you’re wondering how this strategy works to distribute trades and maintain pricing stability compared to…

A stop order is an automated command that triggers a buy or sell action for a security when its price hits a pre-set threshold. This tool helps traders to execute trades timed with market movements. Are you looking to enhance…

A sweep order in trading allows for the swift execution of large trades across multiple exchanges. This article will explain how sweep orders work, their types, benefits, and the risks involved. Key Takeaways Understanding Sweep Orders Sweep orders are a…

POV orders, or Percentage of Volume orders, are a strategic trading tool that allows traders to execute trades based on a specified percentage of the total market volume, which is crucial for understanding the POV order in trading. This approach…

When traders need to execute orders rapidly with the option to cancel any unfilled portion immediately, they turn to the immediate or cancel order (IOC). This order type combines speed with control, preventing unwanted market exposure and partial fills. Our…

A dark pool trading order is a private trade meant to keep large transactions hidden from public view, avoiding major market impact. This article explains the workings of these orders and their implications for investors. Key Takeaways What Is Dark…

A ‘good till triggered order’ buys or sells stocks at your limit price after being triggered. This guide unpacks GTT orders, outlining their role in trading and how to use them to execute your buy and sell signals. If you…

A One Cancels the Other (OCO) order, also known as “what is a one cancels the other OCO order,” combines a stop order and a limit order, canceling one when the other executes. This helps traders manage risks and lock…

A Market If Touched (MIT) order triggers a market order once a specific price is reached, enabling automatic trade execution at the best available price. This unique feature allows traders to capitalize on market movements without constant monitoring. In this…

Understanding Market-on-Open (MOO) Order is essential for investors aiming to execute trades at the start of the trading day. An Market-on-Open (MOO) order is a directive to buy or sell a security at the day’s opening price, providing a way…

An auction only order is executed exclusively during auction events, such as market openings and closings. These orders help traders achieve better prices and improve market liquidity. This article covers how auction only orders work and their benefits in stock…

In the fast-paced world of stock trading, precision and timing are key. Understanding “what is a fill or kill order FOK” can be important for traders who require immediate and complete execution of their orders. An FOK order is a…

Cross orders are a trading method where brokers match buy and sell orders from different clients internally at the same price. This article explains the basics of cross orders, how they work, real-world examples, regulations, associated risks, and their benefits….

What is a cover order? Simply put, it’s a trading order type used in intraday trading that allows for higher leverage while enforcing a strict stop loss to limit potential losses. This introduction will brief you on how cover orders…

What is an All or None Order (AON)? It is an important tool for traders looking to buy or sell a specific number of shares without the risk of a partial fill. If the order can’t be fully completed, it…

An extended hours order lets you trade stocks outside of normal market times. In this article, we’ll cover how these orders operate, their key advantages, and the potential risks involved. Key Takeaways What is an Extended Hours Order? Extended hours…

What is a cancel order? It’s a decision you must make when circumstances change — in trading, it’s a formal request to revoke an order to buy or sell stocks, commodities, or currencies before it executes. In e-commerce, it’s when…

An OTOCO order, or ‘One Triggers a One Cancels the Other,’ is a trading strategy where one primary order triggers two secondary orders. Once the primary order is executed, one secondary order (either profit-taking or stop-loss) cancels the other, which…

When you place a good till canceled order (GTC), you’re setting a firm command in the financial markets that persists until executed or manually cancelled. GTC orders are critical for traders who cannot constantly monitor the markets or those wanting…

A midpoint peg order is a type of non-displayed trading order that seeks to execute at the midpoint of the National Best Bid and Offer (NBBO). This ensures traders get a price that’s halfway between the highest bid and the…

A pegged order is a trade execution order that automatically adjusts to market benchmarks, providing better prices with less manual intervention. In this article, we’ll explore the various types of pegged orders and how you can use them to refine…

Traders seeking to profit from the volatility of the stock market within a single day’s trading session need to understand intraday orders. An intraday order is a directive to buy and sell securities on the same day, aimed at capitalizing…

Are you looking to understand what a VWAP order is and how it can improve your trading? A VWAP order, or Volume-Weighted Average Price order, is a tool traders use to get a realistic view of a stock’s average price,…

A discretionary order allows brokers to trade for clients without needing approval for each trade. This guide covers how they work, their benefits, and their risks. Key Takeaways What Is a Discretionary Order? A discretionary order is a special type…

A market order, also known as “what is market order,” is a type of trading order that instructs a broker to buy or sell an asset at the current market price. It prioritizes speed over price, ensuring the trade is…

Hidden orders are a trading technique used to conceal the size of a trade, allowing traders to execute large transactions without impacting market prices. These orders are crucial for maintaining secrecy and preventing abrupt price movements. In this article, we…

A powerful ally in the arsenal of a trader, “what is a trailing stop order?” is a question often asked by those looking to protect profits and limit losses. This order type automatically keeps pace with the market, making it…

A Good Until Date (GTD) order allows traders to keep an order active until a specified expiration date. This is useful for those who want to set their trading strategy without needing to adjust orders daily. In this article, we’ll…

Bracket orders are an integral part of trading discipline, combining a main order with a stop loss and profit target to automate buy and sell decisions. Through this article, you’ll learn exactly how “bracket order” functions and how they can…

An iceberg order is a tactic used in trading to hide the full size of large orders and prevent causing large price movements. Commonly used by institutional investors, this strategy shows only a small portion of an order at a…

An immediate order, commonly known as an ‘Immediate or Cancel’ (IOC) order, is a directive used in trading that requires an order to be executed instantly, either in full or partially, with any unfilled part being automatically canceled. This type…

What is an expiry order in trading and why is it crucial? An expiry order instructs a trade to execute on a specific date when an options contract expires. It impacts trading strategies and price movements. This article breaks down…

Navigating the stock market requires clarity on various trade processes, especially a ‘delivery order’. It’s a straightforward concept: you either buy or sell shares with the intention of transferring them to or from your demat account, akin to making a…

A day order is an instruction to trade a security at a set price within a single trading day. If not executed by the day’s end, the trading order is canceled. This article explores what day orders are, their features,…

In trading, understanding what is a limit order is a critical tool that enables control over buying or selling a stock (or any financial asset) at a predetermined price. This cornerstone concept in trading strategy can dictate the success of…

A Good Until Canceled (GTC) order is a trade order that remains active until it is executed or canceled by the investor. This type of order ensures that your trade stays open until the market meets your set price, offering…