#OrderTypes101 Let’s break down the key order types you’ll use to trade like a pro:

🔹 Market Order: Buy or sell instantly at the best available price. Fast but no price control.

🔹 Limit Order: Set your desired price to buy/sell. Trade only executes when the market hits that price—great for planning entries/exits.

🔹 Stop-Limit Order: Combines a trigger price (stop) and an actual price (limit). Useful for risk management—think stop-loss or breakout strategies.

🔹 Stop Market: Similar to stop-limit, but executes at market price once the stop is hit—faster execution in volatile markets.

🔹 OCO (One Cancels the Other): Place a stop-limit and a limit order together. When one executes, the other is canceled. Smart for managing trades when you’re not watching 24/7.

🔹 Trailing Stop: Automatically follows price movement by a set % or amount. Helps lock in profits on winning trades.

🔹 Post Only: Ensures your order is maker only—you won’t pay taker fees. Great for patient traders.

Each type serves a different purpose—mastering them is key to controlling risk and maximizing gains.

💡 Pro tip: Practice with small amounts before going big.