#OrderTypes101 Great! Here's a simple and clear breakdown of Order Types in crypto or stock trading using the hashtag #OrderType101:

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📘 #OrderType101 – Basic Order Types Explained

1. 🟢 Market Order

What it is: Buys or sells immediately at the best available price.

Use when: You want speed over price.

Pros: Fast execution.

Cons: Might get a worse price (slippage).

> Example: “Buy 1 BTC at the current market price.”

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2. 🟡 Limit Order

What it is: Buys or sells only at a specific price or better.

Use when: You want control over the price.

Pros: No overpaying or underselling.

Cons: Might never get filled if price doesn’t hit your limit.

> Example: “Buy 1 BTC only if it drops to $60,000.”

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3. 🔴 Stop Order (Stop-Loss)

What it is: Becomes a market order once a certain price is hit.

Use when: You want to limit your loss or protect profits.

Pros: Automates your risk management.

Cons: Might sell at a worse price due to slippage.

> Example: “Sell BTC if it drops below $58,000.”

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4. 🔵 Stop-Limit Order

What it is: A combo of a stop order and a limit order.

Use when: You want to trigger a trade at a specific price, but only at a certain rate.

Pros: More control than a stop order.

Cons: Might not execute if price moves too fast.

> Example: “If BTC drops to $58,000 (stop), place a sell limit at $57,900.”

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⚖️ Quick Comparison Table:

Order Type Speed Price Control Risk of Not Filling Common Use

Market Order ✅ Fast ❌ Low ❌ No Quick entry/exit

Limit Order ❌ Slower ✅ High ✅ Yes Target price buying/selling

Stop Order ✅ Fast ❌ Low ❌ No Cutting losses / profit locking

Stop-Limit Order ❌ Slower ✅ High ✅ Yes Controlled stop-loss strategy

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🎯 Takeaway:

Use market orders when speed matters.

Use limit orders when price matters.

Use stop orders to manage risk.

Use stop-limit orders for precision under pressure.