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#OrderTypes101 🎯 #OrderTypes101 : Choosing the Right Order Type Can Make or Break Your Trade

Understanding how different order types work is essential for risk management and precision in your trading. Here's a quick breakdown:

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🟢 Market Order

Executes instantly at the best available price.

✅ Fast execution

⚠️ Slippage possible in volatile markets

🔁 I use this when I need to enter/exit quickly, especially in fast-moving markets.

📊 Limit Order

Sets a specific price you’re willing to buy or sell at.

✅ Better price control

⚠️ No guarantee it gets filled

💡 I use this when I’m not in a rush and want to buy the dip or sell at a specific target.

🛑 Stop-Loss Order

Closes a position at a set price to limit losses.

✅ Essential for protecting capital

⚠️ Might trigger on a wick

💡 Always part of my Futures and Margin trades. Risk management is everything.

💰 Take-Profit Order

Closes a trade once a profit target is hit.

✅ Locks in gains automatically

⚠️ May miss further upside if price keeps pumping

💡 I combine this with stop-loss to automate exits.