Market Order
An order to buy or sell a security immediately at the best available current price.
Explained Simply
Market orders guarantee execution but not price. In liquid stocks (AAPL, MSFT), the difference between the expected and actual price (slippage) is usually negligible. In illiquid stocks or during volatile periods, slippage can be significant. Market orders are appropriate when getting into or out of a position immediately is more important than the exact price — for example, when a stop-loss is triggered. For large orders in less liquid stocks, limit orders are preferred.
How Tradewink Uses Market Order
Tradewink's TradeExecutor uses market orders for urgent exits (stop-loss triggers, end-of-day flattening) where speed of execution matters more than price. For entries, the system defaults to limit orders at or near the current ask (for buys) to control slippage. The SmartExecutor uses VWAP/TWAP algorithms that break large orders into smaller market orders spread over time.
Related Terms
See Market Order in action
Tradewink uses market order as part of its AI trading signal pipeline. Start getting signals that use this concept to find real opportunities.