41. Stock Order Types: Demystifying The Ways to Trade Securities
Market MakeHer Podcast
Index-contingent orders (SPX triggers)
Jess Inskip shows how to trigger trades based on indices like the S&P 500 to buy into market pullbacks automatically.
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,
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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:
Investing involves risk. There is always potential to lose money when investing in securities. Market MakeHer LLC provides educational content and resources for informational purposes only. We are not registered financial advisors & do not provide personalized investment advice. Consult with a licensed financial advisor before making investment decisions.
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