Types of Orders

When you place an order to buy or sell a stock, it can get executed at different times or at different prices! Let's explore why.

Based on the information you send Bloom when you place an order, your order can be executed at different times, or even at different prices!

One of the ways you can control what happens to your order is by choosing the type of order you make 🌎

There are several types of orders you can use to buy and sell stocks, and each one serves a unique purpose 🗺️

Some of them help you execute orders quickly, while others allow you to control the price you buy or sell a stock at precisely 🎯

Certain order types may even be more useful for certain types of stocks!

As an investor, it’s important to understand how different types of orders work, so you can properly utilize them to achieve your investing goals!

Let’s explore them in this journey 📈

Test your knowledge

Where does buying or selling a stock take place?

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What can vary when you place an order for a stock?

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Why might you choose different types of orders?

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Why is it important for an investor to understand different order types?

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What's next?

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Limit Orders

Want your order to execute at a certain price or better? Limit Orders might just become your best friend!

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Stop Orders

Let's explore Limit Orders' close relative: Stop Orders!

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Picking an Order Type

Intro — So you’ve learned about the 3 main order types: Market Orders, Limit Orders and Stop Orders. Let’s summarize how you can use them as an investor! 💸

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