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Types of Orders	Characteristics
Market Orders	• Filled immediately at the best available price • Always filled
Limit Orders	• Filled at a specific price or better • Used when not ready to buy or sell at the market price • Buy limits placed below market price • Sell limits placed above market price • Not always filled
Stop Orders (Stop-Loss Orders)	• Turns into a market order when a trigger price is hit • Buy stops are used to protect short sale gains • Buy stops placed above market price • Sell stops are used to protect long sale gains • Sell stops placed below market price • Always filled
Stop-Limit Orders	• Turns into a limit order when a trigger price is hit • Two important prices, trigger price and limit price • Buy st

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Series 65: Memory Tricks For Orders

Taken from our Series 65 Online Guide

Memory Tricks for Orders

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