Trade Types
- Buy - Unrestricted, only restricted by your capital - Sell - Restricted by how many you currently have - Short (Type of Sell) - Selling a stock which you don't even have - Restricted by your margin - Cover (Type of Buy) - Buying to exit the debt that you created when you make a short sale - Need to have enough cash to buy stocks & need to have stocks you borrowed Order Types - Market - Place it now, goes through immediately - Limit - Say how long it is valid - Set threshold above which you want a certain thing to be sold - Triggers, but only executes within the threshold - Stop - Converts itself into market order immediately when condition is met