Order Types
Market Order
Execute immediately at the best available price.
Limit Order
Execute only at the specified price or better. Buy limits fill at the limit price or lower; sell limits fill at the limit price or higher.
Stop Order
Becomes a market order when the stop price is reached. Used for breakout entries and stop-losses.
Stop-Limit Order
Becomes a limit order (not market) when the stop price is reached. Provides price protection after triggering.
Take-Profit
Automatically closes a position at a target profit level.
Stop-Loss
Automatically closes a position at a maximum loss level.
Time in Force
| TIF | Name | Behavior |
|---|---|---|
| DAY | Day Order | Expires at end of session |
| GTC | Good 'Til Cancelled | Remains until filled or cancelled |
| GTD | Good 'Til Date | Remains until a specified date |
| FOK | Fill or Kill | Fill entirely immediately or cancel |
| IOC | Immediate or Cancel | Fill what you can, cancel the rest |

