Let's understand a system that is so hidden that millions of people don't even suspect how they are fed daily into the digital maw of volatility. It's about order types on crypto exchanges — those very tools that can make you either rich or bankrupt in just three candles.

“Market Order” — a way to say: “Take my money immediately!”

Let's start with the classic — market order (Market Order). Its essence is simple: “I want to enter a trade NOW, no matter what price.” It sounds romantic. Almost like falling in love at first sight.

But what happens in reality? You click “Buy”, and you get a price 2–5% higher due to slippage. In 2024, Binance reported that 27% of market orders for BTC had slippage exceeding 0.5%. A lot? Yes. Especially when it comes to $100,000+.

So who made money on your market order? Well, of course, the one who placed the limit order.

“Limit Order” — it's like Tinder, only instead of sex, you'll get fiat

Then — limit order. You specify the price and wait. Sometimes a long time. Sometimes — forever. But if it executes — you enter profitably.

Exchanges like OKX and Bitget in 2024 showed that makers (those who place limit orders) receive a commission rebate of 0.01% to 0.05%. Do you know who pays for this? Market takers. Or, simply put, those who haven't read OrderTypes101.

“Stop-Loss” — an order that activates at the worst moment

Now let's move on to the stop-loss. It's like insurance against fire. But... if the insurance only paid out when you were already inside the burning house.

A stop order is activated when the price reaches the trigger. But here's the news: in futures markets with low liquidity, stops are often hunted intentionally. In 2024, a study by The Block showed that 57% of large movements in a day occur immediately after touching levels with high stop density.

Surprise? No. You were just knocked out, and the price moved in your direction. Standard.

“Trailing Stop” — a cool idea that you won't set up correctly

Trailing stop sounds smart. It moves with the price and locks in profits if the trend reverses.

In practice — most traders set too short a step, and it activates on micro-corrections. Reminds of American politics: the idea seems good, but the implementation is a complete circus.

“OCO” — sounds like a rap group, but this is your chance to trade like an adult

One Cancels the Other — an order where you set TP and SL at the same time. If one triggers, the other is canceled.

Only on some exchanges, this tool is limited or glitches. For example, at the beginning of 2024, KuCoin users complained that their OCO triggered... twice. Yes, TP and SL could execute together. Amazing. Bring on the crypto technologies!

“Post-Only”, “Reduce-Only”, “Fill or Kill” — everything that sounds like spy codes

Professional traders use “post-only” to avoid paying commissions and “reduce-only” to avoid accidentally doubling their position and being liquidated like a novice on Bybit with 50x.

But you won't learn this from YouTube channels with the title “1000% to your deposit in a day”.

RESULT: Those who don't know the types of orders become a type in the liquidation order

Exchanges do not teach you these types of orders. It's not profitable for them. They benefit from you buying at market and losing to stops. This is a business, not charity.

If you haven't studied OrderTypes101 — you are fodder for whales.

While you're trading on emotions, someone is setting limits, building volumes, and pressing on stops. And then they write on Twitter: “BTC to 100k” — when you're already in a short position.