#OrderTypes101 📊 | Master the Basics of Crypto Orders
Understanding order types is essential for executing trades like a pro. Whether you're scalping quick gains or planning long-term HODLs, knowing when and how to use the right order type can make all the difference.
🔹 Market Order
🎯 "I want it now!"
Executes instantly at the current market price. Great for fast trades but can face slippage.
🔹 Limit Order
🧠 "Only at my price!"
Sets a specific buy/sell price. It waits until the market hits your target. Perfect for patience and precision.
🔹 Stop-Loss Order
🛑 "Protect my capital!"
Automatically sells your asset if it drops below a set price. A must-have for risk management.
🔹 Take-Profit Order
💰 "Secure those gains!"
Locks in profit by selling once a target price is reached. Great for disciplined profit-taking.
🔹 OCO (One Cancels the Other)
⚖️ "Smart trading combo!"
Places a stop-loss and take-profit together. When one triggers, the other cancels. Ideal for balanced strategy.
✨ Knowing these tools helps you trade smarter, not harder!
📢 Which order type do you use the most?