There are several types of orders you can place when trading stocks:

Market order: A market order is an order to buy or sell a stock at the current market price. This is the most common type of order.

Limit order: A limit order is an order to buy or sell a stock at a specific price or better. This order ensures that you won’t pay more than a certain price for a stock, or sell it for less than a certain price.

Stop order: A stop order is an order to buy or sell a stock once it reaches a certain price. This type of order is used to limit losses or lock in profits.

Trailing stop order: A trailing stop order is similar to a stop order, but it adjusts the stop price as the stock price moves in your favor. This allows you to lock in profits while also giving the stock room to move.

Stop limit order: A stop limit order is a combination of a stop order and a limit order