#OrderTypes101

Understanding Order Types in Crypto Trading

As a pro trader, knowing how to use order types is key to managing risk and securing profits.

Market Order: Buys or sells instantly at the best available price. I use this when speed matters more than price.

Limit Order: Sets your own price to buy/sell. Great for planning entries or exits.

Stop-Loss: Automatically sells if the price drops to a set level—essential for protecting capital.

Take-Profit: Locks in gains once a target price is reached.

I often combine Limit and Stop-Loss orders for controlled risk and better entry/exit points. My go-to is the Limit Order—it gives me price control without chasing the market.

Once, I used a market order during a volatile spike. Slippage cost me far more than expected. That taught me: timing is key, but so is precision.

Disclaimer: This is not financial advice. Always trade responsibly and do your own research.