#OrderTypes101

When I first started trading, I thought placing an order was just… buying or selling. But learning how you place an order matters a lot. Each order type can protect you, help you catch better prices, or exit with discipline.

Here’s what I’ve learned:

📌 Market Order

➡️ Executes instantly at current price.

✅ Fastest

❗️You might get a worse price during high volatility.

📌 Limit Order

➡️ You choose the price. Only fills if the market hits it.

✅ Good for getting better prices

❗️Can take time or may not fill at all

📌 Stop-Loss Order

➡️ Automatically sells if price drops to a certain level.

✅ Helps limit losses

❗️Needs careful placement — too tight and you get stopped out early.

📌 Take-Profit Order

➡️ Locks in profits at a set target.

✅ Keeps emotions out of the trade

❗️May miss further gains if price continues to rise