Orders are the instructions आप give the market. Knowing which order type to use — and when — is the difference between precise execution and costly surprises.
Market vs लंबित orders
Amarket orderexecutes immediately at the best available price.लंबित orderswait for a condition: alimitorder buys below / sells above the वर्तमान price (better price), while astoporder buys above / sells below (used for breakouts or stops).
Stop-loss and take-profit
Astop-lossautomatically closes a losing trade at a set स्तर — non-negotiable for survival. Atake-profitcloses a winner at your target. Setting both at entry removes emotion from the exit.
Slippage and gaps
In fast markets, market and stop orders can fill at a worse price than expected (slippage), and prices can gap over your stop on weekend opens or major news. No order type fully removes this — position sizing is your real protection.
Key takeaways
- Market orders fill now; limit/stop orders wait for a price condition.
- Always set a stop-loss at entry; add a take-profit for a planned exit.
- Slippage and gaps are real — size positions so a bad fill can't ruin आप.