But if your orders require a bit more fine-tuning, there are a host of advanced stock order types at your disposal.Īs with the more basic variety of stock orders, you probably want to know these advanced order types really well so you can match them to the appropriate context and avoid errors that could be risky or costly. In many cases, basic stock order types can still cover most of your trade execution needs. If you’re an experienced trader, one whose strategies have grown toward the more sophisticated side of things, then your trade entries and exits might require a bit of extra nuance. Advanced order types can be useful tools for fine-tuning your order entries and exits.Most advanced orders are either time-based (durational orders) or condition-based (conditional orders) Advanced stock orders are designed for special trading circumstances that require extra specifications.
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