#OrderTypes101 – For F0 to F100 investors!
Have you ever bought a coin and then... watched the price drop? Welcome to the world of Order Types! Understanding the different types of orders will help you avoid 'buying the peak' too early.
Market Order – Market order: "Quick sell!" – Buy/sell immediately at the best available price. Fast, but may result in 'slippage'.
Limit Order – Limit order: "Wait for a good price!" – You set your desired price and wait. No rush, but it may not get filled.
Stop Order – Stop-loss order: "Cut losses to save the wallet!" – Activated when the price hits your chosen level, to avoid 'account burn'.
Take Profit – "Harvest the fruit!" – Automatically take profit when the price reaches your target, no need to stay up watching the chart.
Knowing how to use the right orders is the first step to surviving (and getting rich) in the volatile crypto market. Learn for fun, use to secure your wallet! 🧠📈💰