#OrderTypes101
๐ Order Type 101
Understanding order types is key to smart trading.
๐น Market Order: Executes instantly at the current price โ fast but risky in volatile markets.
๐น Limit Order: Sets your buy/sell at a specific price โ safer, but may not fill if price doesnโt reach.
๐น Stop-Loss Order: Auto-sells when price hits your set limit โ helps minimize losses.
๐น Stop-Limit Order: Combines stop-loss and limit for more control.
Each order type serves a purpose depending on your risk and strategy.
Master these, and youโre already ahead of most.
Which one do you use most?