#OrderTypes101 Know Your Orders

The different types of orders can determine the success or failure of your trade. Here’s a quick guide:

1️⃣ Market Order

🟢 Immediate buy/sell at the current market price

✅ Fast, but there may be slippage

2️⃣ Limit Order

📍 You specify the price you want

✅ Greater control, but no guarantee of execution

3️⃣ Stop Loss Order

🚨 Automatically sells if the price drops to a specified level

✅ Protects you from large losses

4️⃣ Take Profit Order

🎯 Sells when the price reaches your target

✅ Locks in profits

💬 What type of orders do you use the most? And why? Let’s discuss 👇