#OrderTypes101 Understanding Order Types!
💡 Market Order — "Buy now, at any price!"
You just want to buy or sell urgently — and you pay the best available price in the market. Fast, simple, but not always profitable.
💡 Limit Order — "I know what I want, and at what price!"
You specify the price — and wait. The order will only execute if the market reaches that price. Maximum control, but you will need to be patient.
💡 Stop-Loss Order — "I've had enough, save me!"
Protection against a drop. As soon as the price reaches the specified level, the order is activated and tries to sell the asset to limit losses.
💡 Stop-Limit Order — "I want to sell, but with conditions!"
Combo: when the price reaches the "stop", a limit order is placed. More control, but there is a risk that the order may not be executed.
📊 Understanding orders = control over your trades and emotions.