Buy at Market means buying the stock at whatever the current price of the stock is at the moment.
Example:Suppose stock ABC is at 900 at 10:15 AM.You place a buy at Market order at the same time.The order should ideally be executed at 900 price but since in practical scenario there is some time spent while placing and executing the order,therefore executing price could be little higher or lower than the price at which buy at market price order was placed.
When to use:Buy at Market price should be used when you want to buy the stock immediately.Suppose some good news has come in the middle of the market time or a stock has just broken the resistance area.So here if you are late in buying the stock you may miss the train as the stock could zoom up in few seconds and may never come to that specific price at which you want to buy that stock.
Buy at Limit means buying the stock at specific price which is lower than the current price of the market.
Example:Suppose stock ABC is at 900 at 10:15 AM.You place a buy at Limit order at price 890.The order will be executed when the stock ABC reaches 890 or lower.If the stock does not reach to this level the order will never be executed.
When to use:Buy at Limit price should be used when you want to buy the stock at specific price only.If you feel the current price of the stock is higher than it should be and you want to buy the stock at cheaper price.
Buy at SL means buying the stock at higher price than the current price of the stock.
Example:Suppose stock ABC is at 900 at 10:15 AM.You place a buy SL at 910.The order would be executed only if stock exactly reaches 910.Understand like this,If stock comes to 909 but than it directly goes to 911 because there was no sellers at price 910 then the order will not be executed unless stock visit price 910.
When to use:Buy at SL should be used when you want to buy the stock at higher price in future.Suppose some big news has to come at 11 am of a stock ABC.Now you want to buy the stock only if the news is good.So you may place SL order at a higher price assuming that the good news will cause the price of stock to rise and even if you are not there physically to monitor the market at that time,the order would be executed.
Buy at SLM means buying the stock at higher price than the current price of the stock.
Example:Suppose stock ABC is at 900 at 10:15 AM.You place a buy SLM at 910.The order would be executed if stock reaches 910 or higher.This is the difference between SL and SLM,SLM always ensure that your order will be executed while SL order will be executed only if Stock visit that exact price.
When to use:Buy stock at SLM is used in situation like waiting for good news or waiting for stock to break the resistance level similarly like SL order but with surety.
Sell at Market means selling the stock at whatever the current price is at the moment.
Example:Suppose stock ABC is at 900 at 10:15 AM.You place a sell Market order at same time.The order should ideally be executed at 900 price but since in practical scenario there is some time spent while placing and executing the order,therefore executing price could be little higher or lower than the price at which sell at market price order was placed.
When to use:Sell at Market price should be used when you want to sell the stock immediately.Suppose some news like negative earning report has released in the middle of the market time or a stock has broken the support area.So here if you want to exit your buy position or want to take short position,you can sell the stock immediately as in few seconds stock could go too down and may never come to the specific price at which you want to sell that stock.
Sell at Limit means selling the stock at specific price which is higher than the current price of the market.
Example:Suppose stock ABC is at 900 at 10:15 AM.You place a sell at Limit order at price 920.The order will be executed when the stock ABC reaches 920 or higher.If the stock does not reach to this level the order will never be executed.
When to use:Sell at Limit price should be used when you want to sell the stock at a specific price only.If you feel the current price of the stock is lower than it should be and you want to sell the stock at higher price to maximize your profit.
Sell at SL means selling the stock at lower price than the current price of the stock.
Example:Suppose stock ABC is at 900 at 10:15 AM.You place a sell SL order at 890.The order would be executed only if stock exactly reaches 890.Understand like this,If stock comes to 891 but than it directly goes to 889 because there was no buyers at price 890 then the order will not be executed unless stock visit the price of 890.
When to use:Sell at SL should be used when you want to sell the stock at lower price in future.Suppose some big news has to come at 11 am of a stock ABC.Now you want to sell the stock only if the news is bad.So you may place SL order at a lower price assuming that if the news is bad than the price of stock would fall and you can get out of the position with little loss, even if you are not there physically to monitor the market at that time,the order would be executed.
Sell at SLM means selling the stock at lower price than the current price of the stock.
Example:Suppose stock ABC is at 900 at 10:15 AM.You place a sell SLM order at 890.The order would be executed if stock reaches 890 or lower.This is the difference between SL and SLM,SLM always ensures that your order will be executed while SL order will be executed only if Stock visits that exact price.
When to use:Sell stock at SLM is used in situation like waiting for bad news or want to exit the buy position if stock breaks the support level.It is similar like SL order but with surety that the order will be executed.