Market MakeHer Podcast 74. Replay: Demystifying Stock Order Types in Trading
This episode was first released on June 24, 2024. We’re replaying it for you for a reason! Think of it as a review of some of last year’s material before we get into all the investing topics we’re going to cover this year. 👩🏼🏫👩🏻🏫 We share our screen and actually show you how to place different order types at a brokerage firm - you can watch on Spotify or YouTube!
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There are so many different ways to buy and sell securities in your brokerage account. 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 Accronyms:
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
Related Episodes:
We’ve already gone over Bid and Ask prices and how those market mechanics work in Episode 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). 😉✨
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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.