#OrderTypes101 Leaving Profits on the Table! ๐จ
Most new traders just hit โBuyโ or โSellโ โ but ignoring other order types can cost you real money. Here's your quick-start guide to trading smarter:
๐น Market Order โ Executes instantly. Great for speed, but slippage can hurt in volatile markets. Use for urgency, not precision.
๐น Limit Order โ Set your price and wait. Ideal for sideways markets or precise entries/exits.
๐น Stop-Limit Order โ Smart risk control. Automatically sells after a price breaks support, with precision.
๐น Take-Profit Order โ Secure gains near resistance or price targets โ no need to watch the charts 24/7.
๐ก Pro Tip: Smart traders donโt gamble โ they plan. Mastering order types = trading with purpose, not panic.
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