Dec. 30 at 3:41 PM
$ZPTA Market Order
What it is: Executes instantly at the best available bid (for selling) or ask (for buying) price.
Pros: Fast execution, almost guaranteed to fill, good for fast-moving situations.
Cons: Price might be worse than expected (price slippage), especially in volatile or low-liquidity stocks.
Use when: You need to get in or out of a stock right now and are less concerned about a few cents difference in price.
Limit Order
What it is: Executes only at your specified price or better (e.g., buy at
$50 or less, sell at
$55 or more).
Pros: Full control over the price, avoids paying more or receiving less than desired.
Cons: May never execute if the stock never reaches your limit price, requires patience.
Use when: You want a specific price (e.g., buying a dip, selling a peak) and can wait.
