#OrderTypes101

🎯 The School of Life with 4 Secret Weapons 🎯

"If crypto trading is a battle, orders are the weapons. Sometimes you're Rambo, other times Coyote in front of the train."

🔫 The 4 Basic Weapons:

1. MARKET ORDER: You buy/sell NOW at the market price.

- '+' Fast as a bullet.

- '–' You can shoot yourself in the foot if there is high volatility.

2. LIMIT ORDER: You set YOUR price ("I will only buy at $10!").

- '+' You control the entry.

- '–' If the market goes ahead of you, you are left out.

3. STOP-LOSS: AUTOMATIC sale when the price reaches X ("get rid of debts!").

- '+' Saves the portfolio when the bear comes.

- '–' Sometimes it triggers accidentally (aka "stop hunt").

4. TAKE-PROFIT: AUTOMATIC sale when you reach your target profit ("take the money and run!").

- '+' You crystallize your gains.

- '–' You might stop marching 1km before the finish line.

💥 Final Joke:

"Use LIMIT when you're an economist, MARKET when you're desperate, STOP-LOSS when you're anxious, and TAKE-PROFIT when you're smart. And if you mix them all up, you're a professional trader… or a psychiatrist."*

⚠️ Without orders, you are at the mercy of wolves. With them, you can be the wolf.