How do you actually buy and sell stocks? 🤔
Does someone instantly buy the stock when you sell it? 😵💫
That's where market orders come in! 💥
A “market order” is a request to buy or sell a stock at the best available price 📊
Your order will be filled immediately, no matter what the actual price is at the time 💸
They are the default for most investing! 🌹
Pro: it's fast and guaranteed to sell/buy 🚀
Con: You don't have control over the exact price 🤑
So you could end up paying more or receiving less than you expected 📉
In most cases these changes aren’t super drastic 🤔
Here’s a market order example:
You buy 10 shares of SPY for $100 🤝 You get 0.5 shares for $100
So, in most cases, you don’t have to worry about the price changes in a market order 😄
In more advanced trading, there are limit orders, stop orders and all sorts of crazy ways to control buying and selling! 😮
Now you know how your stock orders go through with market orders, the lightning fast way to buy and sell stocks! 🚀
