Order Types 101: Pros & Cons
✅ Market Order
✔️ Fast execution
❌ No price control
✅ Limit Order
✔️ Price control
❌ No guarantee it fills
✅ Stop Order
✔️ Auto-triggers at price point
❌ No control over price once triggered
✅ Stop-Limit Order
✔️ Combines stop + limit
❌ May miss trade if price skips
✅ Trailing Stop
✔️ Locks in profits as price moves
❌ Can be triggered by volatility