#OrderTypes101

📘 #OrderTypes101 – Mastering the Basics of Crypto Trading Orders

Want to level up your trading game? It starts with understanding order types. Whether you’re day trading or HODLing, using the right order can make all the difference. Let’s break it down:

🟢 1. Market Order

Buy/sell instantly at the current market price.

✅ Fast execution

⚠️ Slippage possible in volatile markets

📘 Use when: You want speed over precision.

🟡 2. Limit Order

Set your desired price, and the order executes only when the market hits it.

✅ Price control

⚠️ May not fill if price isn’t reached

📘 Use when: You want to buy lower or sell higher than the current market price.

🔴 3. Stop-Limit Order

A two-step order: set a stop price (trigger), and a limit price (execution).

✅ Great for risk management

⚠️ Requires precise planning

📘 Use when: You want to limit losses or lock in profits.

🧠 Bonus: OCO (One Cancels the Other)

Two orders in one: when one fills, the other cancels. Ideal for advanced strategies.

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🎯 Pro Tip: Always use the right order type for your strategy — don’t just chase the market.

💬 What’s your go-to order type? Let us know! 👇