#OrderTypes101 : Master the Basics Before You Trade

Understanding different **order types** is essential for every crypto trader—whether you're scalping altcoins or setting long-term entries on \$BTC. Knowing how and when to use **limit, market, and stop orders** can be the difference between profit and panic.

**Here’s a quick breakdown:**

* **Market Order** 🚀

Executes immediately at the best available price. Great for fast entries but may cause slippage.

* **Limit Order** 🎯

Sets a specific price. Executes only if the market hits it—ideal for precise entries or exits.

* **Stop Order** 🔒

Triggers a market or limit order once a certain price is reached. Used for stop-losses or breakout plays.

**Pro Tip:**

Use limit orders for calm markets, and stop orders for breakout or risk-managed trades.

📊 **Track \$BTC ’s live chart here:**

**Which order type do you use most—and why? Let’s level up our trading together!**