#OrderTypes101 sells immediately at the best available price.

🔹 Use when: Speed matters more than price.

✅ Pros: Fast execution

❌ Cons: No control over price (can lead to slippage)

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2. Limit Order

🔹 What it does: Buys or sells at a specific price or better.

🔹 Use when: You want a precise entry or exit point.

✅ Pros: Full control over price

❌ Cons: May never get filled if the price doesn’t reach your target

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3. Stop-Loss Order

🔹 What it does: Automatically sells a position when price hits a pre-set level.

🔹 Use when: You want to protect capital from bigger losses.

✅ Pros: Risk management tool

❌ Cons: Can trigger on brief price spikes

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4. Stop-Limit Order

🔹 What it does: Combines a stop-loss with a limit order.

🔹 Use when: You want to limit loss and control the execution price.

✅ Pros: More control than a stop-loss

❌ Cons: May not execute if price gaps past your limit

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5. Take-Profit Order (Limit Sell)

🔹 What it does: Automatically sells a position at a target profit price.

🔹 Use when: You want to lock in gains at a planned level.

✅ Pros: Discipline — takes the emotion out of profit-taking

❌ Cons: Market could go higher after the sell$BNB