🧵 #OrderTypes101 - The Order Type That Saved My Trade

If you’ve ever bought a coin and instantly regretted it, you’re not alone.

The secret? Knowing which order type to use.

Here’s the breakdown 👇

💥 Market Order - “Just buy it now!”

Fast but risky. You get in instantly, but the price might slip.

🎯 Limit Order - “Only buy at this price or better.”

Perfect when you're patient and want control over your entry/exit.

🛑 Stop-Loss - “If it drops too much, cut my losses.”

Essential for risk management. You need this, trust me.

💰 Take-Profit - “Sell when it hits my target.”

Because walking away with gains >>> watching them vanish.

🧪 Real Talk:

I once FOMO’d into a memecoin with a market order at peak hype.

No stop-loss.

No plan.

It dumped 20% in the next 10 minutes. Painful.

Now? I always use a limit order to enter, and I set both stop-loss & take-profit.

No more emotional trading. Just clean setups.

💬 What about you?

What’s your go-to order type and why? Ever had a win (or fail) because of it?

Drop your story with #OrderTypes101 to earn Binance Points 🪙

(Just tap “+” on the app and head to Task Center to post)