Entries & Exits

Market, Limit, Stop Loss Orders

Learn how to use market orders, limit orders, and stop loss orders when entering and exiting options trades.
Market, Limit, Stop Loss Orders
Kirk Du Plessis
Apr 19, 2021

In this video we explain the three order types and how each is used by options traders. We use limit orders for nearly all of the training that we do at Option Alpha. This guarantees the price we get on a trade, which is how we would ideally like to make decisions, because we do not need to trade fast enough to use market orders throughout the day. As position traders, we have the ability to wait for a price.

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