#OrderTypes101

Order Types 101 – How to Place Orders So You Don't Cry After Buying?

In crypto, it's not just about 'buying to get rich', but placing the right type of order is what ensures longevity. Here are the 3 basic types of orders every trader should know:

🔹 Market Order – buy/sell immediately at the market price. Fast, convenient... but easy to get a bad price.

🔹 Limit Order – you choose the price, the exchange only executes when the market hits it. Placing early is profitable, placing late means... just watching.

🔹 Stop Order (Stop-Loss) – a type of order created to protect your psychology. If the price drops to the level you choose → it sells automatically. Sounds painful but it's better than burning your wallet.

Don't let FOMO make you hit the market order when the price is at its peak.

Also, don't wait for the limit order to execute at the imaginary bottom.

Use the right order – a safe wallet, a good night's sleep.