#OrderTypes101
๐ **#OrderTypes101 | Master the Art of Placing Trades** ๐น
Trading isnโt just *buying and selling* โ itโs knowing **HOW** you enter and exit the market. Here are the 4 essential order types every trader must know:
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๐น **1. Market Order**
๐ข Instant buy/sell at the current market price
โก Best for speed, not precision
โ Use when you want quick execution
๐น **2. Limit Order**
๐ฏ Buy/sell at your set price or better
๐ก Great for control & strategy
โณ May take time to fill (or not fill at all)
๐น **3. Stop-Loss Order**
๐ Auto-sell to limit losses when price drops
๐ Protects your capital during volatility
๐ฏ Example: Sell BTC if it falls below \$60k
๐น **4. Take-Profit Order**
๐ฐ Auto-sell when price hits your target
๐ Locks in gains without monitoring
๐ฏ Example: Sell ETH when it hits \$4,000
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๐ **Smart traders donโt just pick the right coin โ they pick the right order type.**
Use the right tool for the right moment.
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๐ฌ What order type do YOU use the most? Comment below!
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