Lesson 9: Market, Limit & Stop Orders — Know the Difference 🎯⚙️
If you’re placing random orders without knowing what type you’re using, you’re leaving money (and control) on the table 😬
Let’s break down the 3 main types you NEED to master 👇
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1. Market Order ⚡
Instantly buys or sells at the best current price
Fast but may cause slippage (you might not get the exact price you see)
✅ Good for quick entries/exits in fast-moving markets
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2. Limit Order 🎯
You set the exact price you want to buy or sell
Order only fills if price reaches your target
✅ Great for planning — enter cheap or sell high
❌ Might not fill if price never hits your level
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3. Stop Order 🔐
This activates a market or limit order when a specific price is hit
Two main types:
Stop-Loss: Automatically exits a losing trade to protect capital 💥
Stop-Entry: Enters a trade only after price breaks a certain level (e.g. breakout trades)
✅ Ideal for automation & risk control
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Real Example 💡
You want to long BTC at $30,000 but only if it breaks above $30,200
➡️ Use a stop-limit or stop-market entry at $30,200
You want to sell if BTC crashes to $29,000
➡️ Place a stop-loss order at $29,000
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Pro Tip 🧠
Set your order type before the trade, not in panic.
Smart traders use a mix of all three — depending on strategy and market conditions. 💼
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Next up: Lesson 10 — How to Use Support & Resistance in Futures 📉📈
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