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   Visuals aka Jess Made a PowerPoint 👀 If you didn't know, Jess loves to make a deck! Check out the PowerPoint she made If you’re listening on Spotify, you can also watch the video podcast and follow along in the PP slides Jess Inskip made for us. We also eventually upload all of our video podcasts to our YouTube channel. Jess used stockcharts.com to make some of the visuals in our PowerPoint. We’ll post it on our website and slides on social media.   Episodes You May Also Like: We’ve already gone over Bid and Ask prices and how those market mechanics work in previous episodes as well. Check out Episodes 16 (on Dark Pools, PFOF, Market Makers). You might also like Episode 10 (how to read a stock quote) and Episode 14 (how to analyze a stock for beginners). 😉✨ Still Have More Questions or a Comment?  🙋🏾‍♀️🙋🏻🙋🏼‍♀️🙋🏽‍♂️🙋Holla @ us on: ⁠Market MakeHer ⁠⁠website⁠⁠⁠ Subscribe to Our Newsletter Email [email protected]  Instagram⁠ ⁠⁠@marketmakeherpodcast⁠⁠⁠ TikTok⁠ ⁠⁠@marketmakeher⁠⁠⁠ X/Twitter⁠ ⁠⁠@MarketMakeHer⁠⁠⁠ Join the Money Coven⁠ ⁠⁠FB Community⁠⁠⁠ 👀 Watch us in action on our⁠ ⁠⁠YouTube Channel⁠⁠⁠ 👀  About Us 🌚🌞 Market MakeHer is an investing education podcast taught by a 15-year finance expert to her friend who is a beginner investor. Our mission is to demystify the stock market and make financial literacy accessible to all self-directed investors! We believe that investing is for everyone and that's why we break down complex investing topics (from "Her" perspective), show you free tools/resources on our podcast, and offer a ton of free educational content on our ⁠website⁠!  Important Disclosures: Market MakeHer podcast is unsponsored at the time of recording.  Tools and resources mentioned are for informational and educational purposes only. Remember, investing involves risk, and there's always a potential for losses when investing in securities. Market MakeHer LLC provides educational content and resources, but we are not registered financial advisors and do not provide personalized investment advice. Consult with a licensed financial advisor before making any investment decisions. --- Support this podcast: https://podcasters.spotify.com/pod/show/market-makeher/support