Module 2 of 5 · The buttons you press

Orders & How to Place Them

Market and limit orders, stop-losses, product types, validity, market depth, circuit limits — and the mistakes that cost beginners money.

Lessons: 7 lessons
Total reading time: about 22 min in total

Your progress

Start with lesson 1

Market Order vs Limit OrderbeginnerThe most important choice you make on every trade: speed or price. You cannot have both. 3 min read
Stop-Loss Orders: SL and SL-MbeginnerHow to set an automatic exit, the difference between trigger price and limit price, and the one scenario where a stop-loss fails you. 4 min read
Product Types: CNC, MIS and NRMLbeginnerOne dropdown decides whether you own the shares or must close the position before your broker's auto-square-off deadline. Choosing wrong is the most expensive beginner mistake. 3 min read
Order Validity: DAY, IOC, AMO and GTTbeginnerHow long your order stays alive — from a few milliseconds to a full year. 3 min read
Order Book, Bid-Ask Spread and Market DepthbeginnerThe little table of numbers on your trading screen tells you more about risk than the price does. Here is how to read it. 3 min read
Circuit Limits and Price BandsbeginnerWhy a stock sometimes stops moving entirely, what an upper or lower circuit means, and why being stuck in one is genuinely dangerous. 3 min read
Common Order Mistakes and How to Avoid ThembeginnerTen specific, avoidable errors that cost beginners real money — and the one-line fix for each. 3 min read