FRM: Order Types (market, limit, stop, stop-limit)

Market order: guaranteed fill, but not price. Limit order: guaranteed "or better" price, but not fill. Stop: After price trigger reached, becomes market. Stop-limit: After price trigger, becomes limit order. For more financial risk management videos visit our website at http://www.bionicturtle.com!

Comments

1. so the stop is 35 and the limit is 37
2. Thank you! Great explanation..
3. easily understandable
4. Man i really needed this tx a ton!
5. With my broker limit is trigered at 30$ and give me the bid price which is NOT better than what Ive setted up...! Normal?
6. very informative and helpful.
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8. Hello, first of all, great video! I am new to investing and am a little confused. Why would you want to place a limit order above the market price? I always thought limit orders were the least that you are willing to pay per share?? Not more than what the market price is. Sorry if this is a dumb question, I'm just confused haha
9. im using wallstreet survivor to teach me and it says limit is the price thats below market value and stop is above im confused
10. Excellent video! Very clear and easy to understand. Thanks
11. Thank you for this awesome easy to understand explanation with the graph. :)
12. Excellent refresher!!!!!
13. Does a limit order need to be fully filled before it is processed? How much time is a limit order given before it is canceled if the order was not fully filled? Also the limit price is set by last stock sold price?
14. It is still confusing for two reasons.
    One, it assumes that the price rises on the buy. So people say, why would I buy higher. To show this, the buying need to be shown below the market price. So the buy limit $28. So as the price drops, it reaches $28, the buying executed.
    The other problem is that while in most places you are saying it right, the order sent to the market, I think in the first part you say the order will be filled above that price. Unfortunately it will only be filled if someone is willing to buy it or in the case of a buy, if someone is selling it. The market price is the last price but it does not guarantee that it will not turn around as the next buying is not willing to pay that price. I don't know if all this can be shown on one graph.
    TD also calls the Stop order, Stop-market order. :)
15. that graphic makes it all clear
16. Wait, if it's at $30, why would you want to buy at $35 and sell at $25?
17. best explanation yet...thanks
18. u the man bro. i'm still kinda iffy on the whole sell at a stop-limit order or stop order though. so stop at 25 sells around 25? so it could sell at 24.50 and 25.50? right depending on what the market price is at that time?
19. This is the best explanation of market, limit, stop and stop-limit that I have seen so far. Thanks a million.
20. Trailing stop?