There are different ways to buy stocks, depending on your goals and risk tolerance. Read on to know about nine common stock order types to help you navigate the share market.
Written by - Prathyush Gupta Designed by- Prince Kumar
Photo Credit: Pexels
Market Order This order buys a stock at the current available market price. It's fast and easy. Photo Credit: Pexels
Limit Order This lets you set a specific price limit for buying a stock. The order will only be filled if the stock price reaches your desired level. Think of it like bidding on an auction. Photo Credit: Pexels
Stop Loss This sets a stop price to automatically sell your stock if the price falls below a certain point. It helps you limit losses in a falling market. Photo Credit: Pexels
Delivery Order This order means you're buying shares of a stock to keep them for a longer period. Photo Credit: Pexels
Intraday Order This allows you to buy a stock with the intention of selling it before the market closes on the same day. Photo Credit: Pexels
Margin Intraday Square Off Order (MIS) Intraday order closed automatically if not squared off before 3:00 PM. Photo Credit: Pexels
After-Hours Order This lets you place orders to buy or sell stocks after the market closes. The order will be executed when the market reopens the next day. Photo Credit: Pexels
Margin Order This allows you to buy more stocks than you have cash for by borrowing money from a broker. It can be risky if the stock price falls, as you'll owe money even if you sell at a loss. Photo Credit: Pexels
Bracket Order This is a combination of three orders placed at once. It sets a buy price, a target sell price to lock in profits, and a stop-loss price to minimize losses. Photo Credit: Pexels
Here's a reminder for some important financial activities that you should complete before the end of FY 2023-24 on March 31