A conditional order is a type of order where, unlike a market order, it will only be executed if certain criteria in the market are met. This can be done through a limit order or a stop order.
For example:
TSLA is trading at $1,000 but you only want to buy if it drops to $950. So you would place a Limit Order (Buy) for $950 and if it drops to the target price or lower, the order will get executed. We aim to get the best available price!
Click here to learn more about limit orders: https://help.sarwa.co/hc/en-us/articles/4706658930589-What-is-a-Limit-Order
Click here to learn more about stop orders: https://help.sarwa.co/hc/en-us/articles/4706668967709-What-is-a-Stop-Order