Market Orders
Want your order to go through right away? That’s where a Market Order helps.
Best for: Buying or selling quickly at the best available price.
How it works: You enter the amount, and the trade executes instantly at the current market price.
Keep in mind: Because markets move fast, the final price may differ slightly.
Limit Orders
Prefer more control over your price? Use a Limit Order.
Best for: Setting the exact price you’re comfortable with.
How it works: You choose your target price. The order only executes if the market reaches it.
Example: Buy Apple shares only if they drop to $180.
Stop Orders
A Stop Order is your safety net.
Best for: Protecting yourself from losses or locking in gains.
How it works: You set a stop price. If the stock hits it, your order turns into a market order.
Example: Sell Tesla if the price falls to $220.
Stop-Limit Orders
Want protection and price control? That’s a Stop-Limit Order.
Best for: Balancing risk management with price precision.
How it works: When your stop price is reached, the order becomes a limit order — not a market order.
Example: Sell Tesla if it falls to $220, but only at $218 or higher.
Trailing Stop Orders
A Trailing Stop Order grows with you.
Best for: Locking in profits while giving your trade room to rise.
How it works: You set a trail (dollar or %). If the stock drops by that amount from its highest point, the order triggers.
Example: Buy at $100, set a 10% trail. If the stock climbs to $120, your stop rises to $108. If it then dips back to $108, your shares are sold.
Quick Comparison
Order Type | Executes When | Best For | Example |
Market | Immediately at best price | Fast trades | Buy now at current price |
Limit | At your set price | Price control | Buy Apple at $180 |
Stop | Becomes market order at stop price | Protecting losses | Sell Tesla at $220 |
Stop-Limit | Becomes limit order at stop price | Control + protection | Sell Tesla at $220, min $218 |
Trailing Stop | Adjusts with market, triggers on drop | Locking in profits | Sell if price falls 10% from peak |
With these order types, you can decide what matters most: speed, control, or protection. CUSP gives you the tools to architect trades that match your strategy.