#OrderTypes101 Order Types 101 – How to place orders without crying after buying?”
In crypto, it’s not just about “buying to get rich,” but placing the right type of order to last long. Here are the 3 basic types of orders that every trader should know:
🔹 Market Order – buy/sell immediately at the market price. Fast, convenient… but can easily result in a bad price.
🔹 Limit Order – you choose the price, and the exchange will only execute when the market reaches it. Placing early is profitable, placing late means… just watching.
🔹 Stop Order (Stop-Loss) – a type of order designed to protect your psychology. If the price drops to the level you choose → automatically sells. It sounds painful but it’s better than burning your wallet.
Don’t let FOMO make you press market order when the price is at its peak.
Also, don’t wait for limit orders to execute at a dreamy bottom.
Use the right order – safe wallet, good sleep.