#OrderTypes101 Do you want to trade like a pro, not blindly? 🎯 The first step is to understand the types of orders. Here's a quick cheat sheet that will save you money and nerves 🧠💰

⸻

🟢 Market Order (Market Order)

👉 Buy or sell instantly at the best available price.

⚡ Fast, but not always profitable.

✅ When to use:

🔸 Need to quickly enter/exit a position

🔸 High market volatility

⸻

🟡 Limit Order (Limit Order)

👉 You specify the price at which you want to buy or sell.

⏳ The order will only execute when the market reaches that price.

✅ When to use:

🔸 Want a specific price

🔸 Not in a hurry

⸻

🔴 Stop-Limit Order (Stop-Limit Order)

👉 A combo of two orders: trigger (stop) + execution price (limit).

📉 For example: if BTC drops below $60,000 — sell at $59,800.

✅ When to use:

🔸 Protection against large losses

🔸 Automatic execution upon breaking a level

⸻

🟣 OCO (One Cancels the Other)

👉 Two orders in one: one for take profit, the other — for stop-loss. If one is executed — the other is canceled.

✅ When to use:

🔸 Want to secure profit or exit with minimal losses

🔸 Cannot constantly monitor the market