#OrderTypes101 Understanding order types isn't just technical—it's essential to survival in crypto trading. I learned this the hard way.
Last month, I placed a market order to buy $SOL during a breakout. Within seconds, I was filled—but at a price 2% higher than expected due to low liquidity at that moment. That "slippage" cost me $90 instantly.
Since then, my go-to order is the limit order. It gives me full control over the price and keeps me disciplined. I also set stop-loss orders religiously to protect against sudden drops and use take-profit orders to lock in gains without emotion.
✅ Market Order = Speed
✅ Limit Order = Precision
✅ Stop-Loss = Risk Control
✅ Take-Profit = Discipline
📌 Pro Tip: Combine a limit entry with stop-loss and take-profit for a strong risk-managed setup.
💬 What’s your favorite order type, and why? Have you ever regretted using the wrong one?