**📊 Master These 6 Order Types or Lose Money (Binance Trading Guide)**
Want to trade like a pro? **Stop gambling and start executing properly.** Here’s your cheat sheet:
### **1️⃣ Market Order (🟩 FAST but RISKY)**
- **Instantly buys/sells** at best available price.
- ✅ **Use when:** Speed is critical (e.g., breaking news).
- ❌ **Avoid when:** Trading low-liquidity coins (slippage will wreck you).
### **2️⃣ Limit Order (🟨 PRECISION CONTROL)**
- **Sets exact buy/sell price** (no surprises).
- ✅ **Use for:** Better entries/exits in stable markets.
- ❌ **Fails if:** Price never hits your limit.
### **3️⃣ Stop-Limit (🟥 SMART STOP-LOSS)**
- **Trigger (Stop Price) → Limit Order executes.**
- ✅ **Use for:** Tight risk management (e.g., "Sell if drops to $1.90, but not below $1.85").
- ❌ **Risk:** Gaps can skip your limit—leaving you exposed.
### **4️⃣ Stop-Market (🔵 EMERGENCY EXIT)**
- **Trigger (Stop Price) → Instantly sells at ANY price.**
- ✅ **Use for:** Guaranteed exits during crashes.
- ❌ **Warning:** Volatility = ugly fills.
### **5️⃣ OCO (🟠 TWO ORDERS, ONE TRADE)**
- **Example:** *"Buy BTC at $60k OR sell if it drops to $58k."*
- ✅ **Use for:** Automated profit-taking + stop-loss in one move.
### **6️⃣ Trailing Stop (🟣 LOCK IN PROFITS)**
- **Stop price follows market up (by %/$).**
- ✅ **Use for:** Riding trends without babysitting trades.
- ❌ **Fails in:** Choppy markets (whipsaws trigger early).
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### **💡 Pro Tips (Save This Post!)**
✔ **Never market-buy shitcoins**—split into limit orders.
✔ **Low liquidity? Only use limits.**
✔ **OCO = best hands-free trading tool.**
✔ **ALWAYS use stops—no excuses.**
**🔁 Share this to save a trader from self-destruction!**