This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.
In this episode you will learn:
- The difference between certainty of execution (market order) and certainty of price (limit order).
- How stop orders are used for risk management and become market orders once triggered.
- Why a stop-limit order provides price protection but introduces execution risk.
- The common exam trap of a stock price "gapping through" a stop or limit price.
- How to use the "SLOBS over BLISS" mnemonic to remember where to place orders relative to the market price.
For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
![[SIE] 50, Order Types](https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg)