20 Miles West of Indianapolis Indiana | A market order is at current price. A market order is a BUY or SELL NOW order
Limit order is a set price. Say the market is $100, you can put in a day order or GTC (good till cancel) order at $105 and if it hits $105 your in or out. But remember GTC orders linger for a long time so don’t forget them...
A stop limit is a stop loss type order. Say the market is at $100 and you want to bail if I gets below $90. You can put in stop limit or stop loss at $90 and it will sell at $90 but not before. Those can be day orders (good till close of day) or GTC (good till canceled) also.
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new to investing
