#OrderTypes101 — Understand How Order Works Before Charts Make You Emotional 😤📉📈
📌 Market Order:
Immediately buy/sell at the current market price.
✅ Suitable for: Quick entry during strong momentum.
❌ Risk: Slippage! The price may differ from what you expect.
📌 Limit Order:
Set your own price. The order will be executed if the price touches that number.
✅ Suitable for: Patient entry waiting at strategic prices.
❌ Risk: The order may not be filled if the price doesn't touch.
📌 Stop-Loss Order:
Automatic sell command if the price drops to a certain level.
✅ Suitable for: Limiting losses without having to monitor the screen.
❌ Risk: May get caught in a fakeout if it's too tight.
📌 Take Profit (TP):
Automatically close the position at the target price.
✅ Suitable for: Locking in profit before the market reverses.
❌ Risk: Sometimes regrettable if the price continues to rise 😅
💡 Personal experience:
I once didn't use Stop-Loss, and ended up trapped in a big loss position. Since then, I always set SL & TP. Now I feel calmer, even able to take a nap without anxiety. 😴
🔥 My favorite?
Combination of Limit Buy + Stop-Loss + TP.
Strategy of “patient entry, disciplined exit.”
For those just starting, don't just learn how to enter, but also understand how to exit. Because sometimes what hurts is not the entry, but not knowing when to leave 😌
