#OrderTypes101 🎯 Mastering the Basics: #OrderTypes101
Ever placed a trade and thought, “I should’ve used a different order”?
Yeah… we’ve all been there.
Order types are more than just buttons on your screen — they’re tools that can protect your capital, lock in profits, or help you enter at the perfect price.
Let’s break it down:
🔹 Market Order – Instant execution at the current price. Great when speed matters. Risk? You might get a worse price in volatile markets.
🔹 Limit Order – You set the price. It executes only when the market hits your target. Patience required — but it gives you control.
🔹 Stop-Loss – Your safety net. It automatically sells if the price drops too far. Essential for managing risk.
🔹 Take-Profit – Locks in gains when the price hits your target. Perfect for traders who can’t watch the screen 24/7.
💡 My go-to? A limit buy with a stop-loss — gives me both control and protection.
📉 Worst mistake? Entering a trade with a market order during high volatility — got a horrible fill and learned my lesson.
💬 Which order type do you use the most — and why?
Drop your story below. Let’s help each other trade smarter.