I’ve Googled around, but there’s a lot of conflicting information out there, so I come to you, here at Elite Trader, for The Truth.
As I understand it, for U.S. equities:
Market Order. Executes at the best available price standing on the book.
Example: Bid/Ask for MSFT stands at $60.42/$60.43. Market buy order entered, BOT at $60.43.
Stop order. Becomes a market order when the specified price is reached
Example: +200 on MSFT, stop sell set at $60.10. Downspike. Bid…