Order Types 101 in Crypto: Know Before You Trade ๐ง ๐ธ
๐น 1. Market Order โ Just Get It Done
Buy or sell immediately at the best available price.
โก Fastest execution
โ ๏ธ Slippage risk in volatile markets
๐ก Use when: Speed > Price
๐น 2. Limit Order โ Set Your Own Price
You choose the price. It executes only if the market reaches it.
โ Great control
โณ May not fill if price never hits
๐ก Use when: Youโre patient & want exact pricing
๐น 3. Stop-Loss Order โ Cut Losses Early
Set a price below your entry. If the asset drops to that point, it sells automatically.
๐ก๏ธ Protects you from massive losses
๐ก Use when: You want automated risk control
๐น 4. Stop-Limit Order โ Smart Exit Strategy
Like a stop-loss, but you define both the trigger price and execution price.
๐ฏ More precision
๐ก Use when: You want tighter control on exits
๐น 5. Take-Profit Order โ Secure Your Gains
Locks in profits when the price reaches your target.
๐ธ Set it and forget it
๐ก Use when: Youโve hit your profit goal
๐น 6. Trailing Stop Order โ Ride the Wave
Your stop price follows the market as it moves in your favor.
๐ Locks in gains as price rises
๐ก Use when: You want to let winners run
๐น 7. OCO (One Cancels the Other) โ 2-in-1 Combo
Place a stop-loss and take-profit at once. When one hits, the other cancels.
๐ Auto risk & reward balance
๐ก Use when: You want hands-free, smart risk management
๐น 8. Iceberg Order โ Whale Stealth Mode
Breaks a large order into smaller visible chunks.
๐ง Hides your full size from the order book
๐ก Use when: Youโre trading big & want to avoid front-running
โก BONUS TIP:
๐ Advanced exchanges (Binance, Bybit, etc.) offer all of these.
๐ผ Mastering order types = better entries, exits & less stress.
๐ฅ Which one do YOU use the most?
Drop a ๐ง if youโve ever used an Iceberg Order
๐ฌ Comment your favorite or most-used order type!
