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34 thoughts on “Order types explained”
  1. Avataaar/Circle Created with python_avatars @GodLovesEveryPerson says:

    Awesome explanation, 2024 will all be learning and practicing on paper trading. However, I will practice as if it is real funds.

  2. Avataaar/Circle Created with python_avatars @michaelpabon6930 says:

    Ross, what happens to the remaining shares above the limit order that don’t get filled? Do those automatically get canceled or are you risking those to get filled later on?

  3. Avataaar/Circle Created with python_avatars @blocktronex7342 says:

    Thank you for the lesson

  4. Avataaar/Circle Created with python_avatars @mahmoud1542 says:

    Music 🥴🥴🥴

  5. Avataaar/Circle Created with python_avatars @willperez552 says:

    Hey Ross. Just starting to get into day trading more seriously. You have helped me tremendously. Do you ever use a trailing stop order or just stop orders? Also, When you are trading pre market, do you still use the limit orders or do you use market orders pre market ?

  6. Avataaar/Circle Created with python_avatars Hola! @lognd6040 says:

    Hey Ross do you sell on the BID or ASK? I sell on the bid because, wont it fill faster because someone is buying at the bid? I have it set to the Level 2 BID (ANY) to get my sell order to fill fastest

  7. Avataaar/Circle Created with python_avatars @bradleytroche3717 says:

    Can I do scalping doing my research in a 200 MA checking my time frame in that stock example 15 or 30 minutes time frame when I will have a pullback or a dip to buy and sell

  8. Avataaar/Circle Created with python_avatars @iamtaylormadex5322 says:

    Thank you for this video. Been using market orders 😅

  9. Avataaar/Circle Created with python_avatars @smokeypeatesp3636 says:

    Very helpful.

  10. Avataaar/Circle Created with python_avatars @jeffpappas6442 says:

    Thanks Ross. I bought a stock and gave it a .76 Stop loss. This morning I noticed that my stop loss was triggered and sold at .784 and the day's low price was at .78. Since the price got nowhere near my .76 stop loss level, I called my broker to ask why I got stopped out and he said that I got stopped out because the BID price hit .76. I'm fairly new to trading. Is this how it works; do I need to adjust my sell stop orders to compensate for the spread?

  11. Avataaar/Circle Created with python_avatars @Brad010581 says:

    Hi. Do you use a mental stop loss during premarket, or a stop limit order? If I understand correctly, a regular stop loss order won't execute during premarket since it is a market order when triggered.

  12. Avataaar/Circle Created with python_avatars @jimr.4200 says:

    I am still confused at the difference between a limit order and a stop order. If I have a stock at $100 and I want to sell it when it gets to $120, would I use a:

    A) Sell/Limit order/activation price = $120

    B) Sell/Stop Market order/activation price = $120

    Wouldn't they both accomplish this? If not, why?

  13. Avataaar/Circle Created with python_avatars @jackdelgado4213 says:

    So what would be more beneficial for Day trading ?? Would it be limit order because every cent counts and avoid the risk of getting an order placed much higher than expected ?

  14. Avataaar/Circle Created with python_avatars @bobbydowler1504 says:

    Ross. What exchange do you use ??

  15. Avataaar/Circle Created with python_avatars @MrMulkerrins says:

    When your limit order get's partially filled and then filled again and again until you buy all the shares you asked for, does your broker charge you commission on each partial fill? Because thatll be expensive if so . thankss

  16. Avataaar/Circle Created with python_avatars @daniyalbilyk6658 says:

    What a great video very helpful thank you so much!!!

  17. Avataaar/Circle Created with python_avatars @yousefrezaie6572 says:

    graet lesson

  18. Avataaar/Circle Created with python_avatars @XwoooahX says:

    Trying to decide between limit vs market orders for my trading. My fear is that my limit orders will not sell and then I will lose money because none were available in the price range when I wanted to sell then it will take more time to re-enter the order where if I just placed market order I would have been better off? Are my fears unfounded? Have you ever issued limit orders and had them not go through? What do you prefer to use and how to you know limit orders will actually execute?

  19. Avataaar/Circle Created with python_avatars @Saccdaddy says:

    Hey Ross, Happy Birthday! What is the ideal order type for only selling if the stock price jumps significantly? A limit order seems best but what if the price continues higher than the limit, would I then lose out on potential greater profits? Thanks!

  20. Avataaar/Circle Created with python_avatars @vegitoblue4390 says:

    LightSpeed couldn't sell while I had a limit buy, Cross-Orders 😕 never experienced that with TD, why is that and what is that, a way around it?

  21. Avataaar/Circle Created with python_avatars @dislikecount2617 says:

    thank you ross

  22. Avataaar/Circle Created with python_avatars @FrankMtnezDrummer says:

    finally!! you really know how to teach!! thx!

  23. Avataaar/Circle Created with python_avatars @simply-tom says:

    I just learned something new in regards to Market Order. I use to think it was the price the stocks are currently selling at…you know, that big price number next to the stock symbol. So whatever price it was at, that was the market price. Now I know that it might not be at that price because it's simply not available at that price and that it could be much higher.

    And also learned that even with Limit orders, you're still not guaranteed to get that price because of sudden drops. It's scary lol.

  24. Avataaar/Circle Created with python_avatars @brincholad5993 says:

    Thank you.

  25. Avataaar/Circle Created with python_avatars @wilfordthe4th422 says:

    Why would you use a sell limit instead if a sell stop? Because when you put that limit order in the price could drop below it an u never get filled. When you place a stop it gets triggered when the price crosses that line. So wouldnt a stop order help midigate potential losses?

  26. Avataaar/Circle Created with python_avatars @wilfordthe4th422 says:

    Ross so is a sell limit order the highest you are willing to sell at?

  27. Avataaar/Circle Created with python_avatars @dominusmaximus7665 says:

    Let's say I'm interested in buying a stock or ETF to hold long term, and I'm interested in guaranteeing the trade will go through that day, is there a guide on the limit I should set to get a bit of savings on the final price I end up paying? Thank you.

  28. Avataaar/Circle Created with python_avatars @nickmaccord2005 says:

    Sup, Ross. Aye, I'm new to trading and am super excited about getting into day trading with a small $5k account. I'm willing to spend the time to research stocks for trading but dont know where to start…any recommendations are appreciated. There are so many!

  29. Avataaar/Circle Created with python_avatars @tedlakebede6906 says:

    Hi Ross, can you please explain the difference between buying the ask vs. buying the market (i.e a buy limit order on the ask vs buy market order). Thank you.

  30. Avataaar/Circle Created with python_avatars @greydenpiechnickrealestate6928 says:

    First day trading today about to fuckin kill it

  31. Avataaar/Circle Created with python_avatars @mitchkhoang1240 says:

    Thank you for the free info!

  32. Avataaar/Circle Created with python_avatars @stevenpezzella7329 says:

    Also, Ross I love your channel. I'm brand new to day trading, trying to be very disciplined and practical with my approach and expectations. I am trying to learn as much as possible, I was wondering if there were any reasonably priced books that you have read that you have found to be especially helpful? I am so new that even trying to get a grip on the basics seems overwhelming at times. I am certainly capable of learning material, and I know that there or no shortcuts, but I am trying to find the most methodical and didactic way to approach this. Any feed back would be greatly appreciated, thanks!

  33. Avataaar/Circle Created with python_avatars @stevenpezzella7329 says:

    do you use OCO?

  34. Avataaar/Circle Created with python_avatars @mexyaa says:

    Hello Ross, I just signed up for CMEG and I'm currently using Trader Elite Pro. What would you recommend as the best HotKey set up to catch and a stock right when a news Catalyst comes out before reflecting in the chart?
    -I want to set up my stock to buy 75% of my buying power if I find a great new like FDA Approval…
    – what would you recommend under the Price Drop down e.g Current, Market, Last, Bid, Ask
    -Destination: there's the Default, Current, ARCA, NSQD, NYSE, SMART, VELOCITY, and [Best]. what would you recommend as the best routing.
    Also, what would be the best set up to get out of a stock like that?

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