#OrderTypes101
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📚 #OrderTypes101
📌 Market Order
Buys or sells immediately at the best available price.
Prioritizes speed over price precision.
Good for: Quick entry/exit, high liquidity markets.
Example:
“I want to buy 1 ETH right now — don’t care about the exact price.”
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📌 Limit Order
Buys or sells at a specific price or better.
Order sits on the book until matched.
Good for: Setting target entry/exit points.
Example:
“I’ll sell my ETH when it hits $4,000.”
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📌 Stop-Loss Order
Automatically sells when the price hits a certain trigger.
Used to limit losses.
Example:
“If BTC drops to $58,000, sell my position.”
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📌 Stop-Limit Order
Combo of stop-loss and limit order.
When stop price is hit, it triggers a limit order instead of a market order.
Example:
“If BTC drops to $58,000, sell at no lower than $57,900.”
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📌 Take-Profit (TP) Order
Automatically sells when a price target is reached to lock in profits.
Example:
“If SOL hits $200, take profit by selling my position.”
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📊 Pro Tip:
On DEXs, you mostly deal with market and limit orders (via aggregators or advanced protocols). On CEXs, you’ll have the full menu.
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📝 TL;DR:
Market Order = Fast
Limit Order = Precise
Stop-Loss = Protect
Stop-Limit = Safer stop-loss
Take-Profit = Secure profits
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