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!—------------------------------------------------------------------------------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 executionMarket Order guarantees execution  Trading Order Types Vocabulary: Market MechanicsBid & Ask PriceMarket OrderLimit OrderStop Loss OrderTrailing Stop LossStop Price Limit PriceConditional Order TypesFOK = Fill Or KillGTC = Good Till Canceled OTO = One Triggers OtherOTOCO = One Triggers Other Cancel OtherSPX  = S&P 500 Indice SymbolFINRA has a good explanation of Order Types  Visuals aka Jess Made a PowerPoint 👀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 or watch on our YouTube. Jess used stockcharts.com to make some of the visuals in our PowerPoint.   Episodes You May Also Like:We’ve already gone over Bid and Ask prices and how those market mechanics work in Episodes 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). 😉✨---------------------------------------------🌟 Send a question, leave a review, subscribe, follow & share!✨⁠⁠Support the show⁠⁠💰🔗All Market MakeHer Links: ​​⁠https://bio.site/marketmakeHER⁠  🔗 ⁠⁠Market MakeHer ⁠⁠website⁠⁠⁠⁠   ⁠Subscribe to our Newsletter ⁠   Sponsorship Inquiries: ⁠[email protected]⁠ Instagram⁠⁠ ⁠⁠@marketmakeherpodcast⁠⁠⁠⁠TikTok⁠⁠ ⁠⁠@marketmakeher⁠⁠⁠⁠  Join the ⁠⁠ ⁠⁠FB Community⁠⁠⁠⁠👀 Watch us in action on our⁠⁠ ⁠⁠YouTube Channel⁠⁠⁠⁠ 👀✨ Follow Jess Inskip on⁠ ⁠TikTok⁠⁠ and⁠ ⁠Instagram⁠⁠ ✨✨ Follow Jessie DeNuit on⁠ ⁠TikTok⁠⁠ and⁠ ⁠Instagram⁠⁠ ✨  **Beware of imposters! We will never message you and ask you for money directly.**     About Us 🌚🌞  Market MakeHer is an investing education podcast taught teacher-learner style by a 15-year finance expert, Jessica Inskip, to her very inquisitive beginner investor friend, Jessie DeNuit. We want to help you get better with your “finance-sis” (get it? No finance bros here). Our mission is to demystify the stock market and make financial literacy accessible to all self-directed investors! We believe that investing is for everyone and that's why we break down complex investing topics - from "Her" perspective. You’ll also learn about free tools and resources on our podcast and we offer a ton of free educational content on our ⁠website⁠ so you can become fin-fluent.   Important Disclosures: Market MakeHer podcast provides financial literacy education. Tools and resources mentioned are for informational and educational purposes only. Remember, investing involves risk, and there's always a potential for losses when investing in securities.  Market MakeHer LLC provides educational content and resources, but we are not registered financial advisors and do not provide personalized investment advice. Consult with a licensed financial advisor before making any investment decisions.