Welcome to our sixth video in our Tiger Academy Series - US stock market investing for beginners.
After watching the previous video about The two directions of US stock trading, you should now have a good understanding of how to go long and how to go short on a stock in practice. This week, we will introduce you in detail to 5 types of stock orders in the US stock market.
Have you ever missed the best time to buy or sell stocks because you can't always keep an eye on the market? Do you want to limit your trading risks in advance without compromising your possible returns? Luckily, Tiger Brokers offer the trailing stop loss order which can help protect the profit you have already made. It will automatically help you to buy or sell at the best price within the execution price range you set in advance, which will take the weight off your shoulders during the day.
In addition to a trailing stop order, four other types of commonly used orders will also be introduced to you in this session.
What to learn a bit more? Let's start our sixth video about 5 Types of stock orders explained
This Tiger Academy video will take you through the 5 types of stock orders and how to track your order status, which includes:
Limit orders
Market orders
Stop-loss orders
Stop-limit orders
Trailing stop orders
Order Status
After watching this video, you should have a better understanding of five common types of orders, and be able to choose the most suitable method according to your trading needs and specific trading scenarios.
See you next time!