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[Music] conditional orders may provide an alternative to investors who would like to add a layer of automation to the order entry process this option is especially useful for those who may not log into their portfolio often to actively place orders a conditional order has two or more parts that execute like a domino effect the first part is the trigger that first domino that falls to set off the sequence in this video were learning about two types of conditional orders that relate to one another one cancels other and first triggers one cancels other the names of these orders may sound somewhat intimidating but once we go through some examples of some common cases youll hopefully see that it can be fairly straightforward one cancels other can be a mouthful to say so we sometimes refer to it as an o CEO think of it as like a one or the other type of scenario like you can either take a subway to work or you can drive your car to work you cant do both so only one of these can happen o
