STOCK ORDER TYPES

In online stock trades, your brokerage accounts offer you many types of order besides the general selling and purchasing orders. There orders are known as conditional orders of online stock trades.
These offers are provided to help the traders of online stock trades for managing their risk in the stock trades. You must be sure about all the specifications and guideline before using any of the order type for placement in online stock trades market.
Most common types of order in online stock trades are;
Contingent orders
Multi contingent orders
One-triggers-the-other order (OTO)
One-cancels-the-other order (OCO)
Contingent orders are placed when the required conditions are met at online stock trades. Major advantage of this order type for the brokers is, this could not be live or place in the online stock trades market until conditions are not available.
Multi contingent orders are somehow similar to that contingent orders but the only difference is the need of at least two conditions should be available in the online stock trades market for placing this order.
In OTO orders, two orders are placed at a time in the online stock trades market, primary and secondary. But at first, primary got live, when the primary successfully executed that it automatically permit the secondary to become live in the market of online stock trades.
In OCO type of order, similarly two orders are placed in the online stock trades market. Your order is placed with sell limit and sells stop orders in this type of orders. It the stock price reaches the sell limit order than this order will be executed and the other one will be cancelled. Similarly if the price goes downward up to your sell stop limit than this order will be executed in the online stock trades market and the next one will be cancelled.