There are many different types of stock orders. Some orders are simple and basic, others are complex. Often the same type of complex order is called different names by different brokers.

At Insight Stock Picks we generally use just 3 types of orders. The three types of orders are universally considered the three basic types of orders. If we ever use a type of order that is not on this list, it will be explained fully in our daily alert.
Our three basic order types are:

1. Market Orders
2. Limit Orders
3. Stop Orders

Other Order Instructions:

GTC vs. Day Order:

There are two order instructions that tell your broker how long you want him to keep the order active. One is a GTC order and the second is a Day order.

GTC Order: GTC stands for "Good Till Cancelled" and means that your broker will keep your order active until you manually cancel the order.

Day Order: A day order is just as it states, the order is kept active for the day (current market session). At the end of the day, the order is automatically canceled. If you want the order to be active the next day you must reenter the order the next morning.

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