#OrderTypes101 Mastering Your Trade Execution

Order types shape how and when your trades execute. A market order buys or sells instantly at the current price—great for speed but can cause slippage. Limit orders let you set the price you want, offering better control but no guarantee of execution. Stop-loss orders help limit losses by automatically selling if price drops to a set level. Take-profit orders lock in gains by selling once a target price is reached.

My go-to is the limit order—it balances price control and risk. Once, using a stop-loss saved me from a big downturn!