Order tickets, explained in plain English

Short guides for beginner traders, with worked example math. Each one links to a free calculator so you can try your own numbers.

What is a stop-limit order?

Stop vs stop-limit, and why a stop-limit may never fill.

Bull put spread max loss

The formula, a worked example and what happens between the strikes.

Covered calls for beginners

What you get paid, what you give up, and what you still risk.

Cash-secured puts explained

Getting paid to agree to buy shares: the cash, the math, the risk.

Buy to open vs sell to open

The four option actions and how to read them on a ticket.

OCO and bracket orders

Take-profit plus stop-loss, and why one cancels the other.

Free tools

Educational only. This page explains order mechanics with example numbers. It is not investment advice, not a recommendation to buy or sell anything, and not a broker. Check your own broker’s rules, fees and assignment terms before you trade.