When a market participant is ready to make a move in the market, the process isn't as simple as hitting a buy or sell button. There's a craft to preparing an order, and it's a blend of strategy, foresight, and precision. First off, we have determining the order type. This is akin to an investor deciding on the best technique to achieve their goal. Let's say the investor came to the conclusion that it's a good time and a good price at which to buy Apple stocks. A market order would buy at the current market price. But if they're not in a rush and want to ensure their trade is executed at a specific price, a limit order lets them set their desired purchase price, and the trade will only execute when the stock is available at that price. Next, the investor will size the order. Think of this as deciding the scale of their play as they are bullish on Apple. Are they're gonna buy 100 shares, 100,000 shares, or a million shares? The order duration is crucial as well. It defines the lifespan of an investor's order A day order is like a daily pass. It's valid just for the trading day, if not executed, it expires at the end of the day. On the other hand, good-till canceled is more like a season pass remaining valid until the investor decides to cancel it or the order is fulfilled.