#OrderTypes101 OrderTypes — Choosing an Order = Survival in the Market 🧠💣

Trading without understanding order types is like going to war with a water gun.

The market is wild, and the order is your weapon. But which one will you choose: a sniper's knife or a hammer?

I'll break down the types of orders, when to use them, and how they have saved me… or sunk me:

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🔹 Market Order: “buy at any price”

👊 When you urgently need to enter a trade — you go in at the current price, no questions asked.

✅ Fast

❌ You might buy higher/sell lower than you planned — especially on illiquid pairs.

📌 My fail: once I bought a small alt at market. The price jumped +7% in a second because there was no depth in the book. I savored the losses like old port wine.

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🔹 Limit Order: “either at this price or not at all”

🧠 You set your buying/selling price. If the market touches it — the order will be executed.

✅ Full control over the price

❌ It may not execute at all if the price doesn’t reach it.

📌 My favorite type of order: I set a limit order higher for selling, lower for buying. And I catch candles like a fisherman catches pike 🐟

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🔹 Stop-Loss Order: “I want to live”