Robinhood Stock Orders Explained
In this video, I'm going over the 5 different order types on the Robinhood app.
Market Order
-This is where your order executes at the current market price.
Limit Order
-This is executed at your limit price or better.
-Buy: limit price is set below market price.
-Sell: limit price is set above market price.
Stop Order
-This is an order to buy or sell a stock at your stop price or better.
-Buy: stop price is set above market price.
-Sell: stop price is set below market price
Stop Limit Order
-Combines stop and limit order.
-When the stock hits your stop price, it triggers a limit order. Your limit order is then executed at your limit price or better.
-Buy: stop price is set above market price
-Sell: stop price is set below market price
Trailing Stop Order
-Trailing stop price follows the best price of the stock by a trail that you set.
-Trail can either be a percentage or dollar amount.
-Buy: stop price trails the lowest price
Sell: stop price trails the highest price
Time Stamps
00:00 - Intro
00:12 - Market Order
00:28 - Limit Order
02:32 - Stop Order
04:36 - Stop Limit Order
07:39 - Trailing Stop
10:45 - Outro
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