๐ #OrderTypes101: Know Before You Trade! ๐ง ๐น
Before jumping into the market, itโs key to understand the types of orders you can place:
โ Market Order โ Buy/sell immediately at the best available price. Fast but not always precise.
๐ Limit Order โ Set your exact price. Great for control, but it may not execute.
๐ Stop Order โ Becomes a market order once a trigger price is hit. Often used to limit losses.
๐ก๏ธ Stop-Limit Order โ Triggered like a stop order, but only executes at your limit price. Best of both worlds (kind of).
๐กPro tip: Always use the right order type for your strategy and risk tolerance.
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