Jan 1 (edited) • 💡 PRO TIPS
Understanding Pending Orders
Think of pending orders as instructions you leave with the market for later, instead of jumping in right now.
A pending order tells your trading platform: “If price reaches this level, then place my trade automatically.”
BUY LIMIT
“I want to buy lower than the current price.”
Buy when price goes DOWN to your limit (buy low)
SELL LIMIT
“I want to sell higher than the current price.”
Sell when price goes UP to your limit (sell high)
BUY STOP
“I want to buy higher than the current price.”
Buy when price breaks UP through your stop (breakout)
SELL STOP
“I want to sell lower than the current price.”
Sell when price breaks DOWN through your stop (breakout)
One rule that makes this easy to remember
- Limits = Better price, waiting for a pullback
- Stops = Momentum, waiting for a breakout
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Understanding Pending Orders
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