$🧾 Know Your Orders: The Building Blocks of Every Trade
Before you place your next trade, make sure you understand the type of order you're using. It can affect your entry, exit, and overall strategy.
Here are the essentials:
Market Order 🟢
Executes immediately at the best available price
Great for speed, but you may face slippage in volatile markets
Limit Order 🎯
Executes only at your set price or better
More control, but no guarantee it will be filled
Stop Order (Stop-Loss) 🚫
Triggers a market order once a certain price is hit
Used to limit losses or protect profits
Stop-Limit Order 🛑🎯
Combines stop + limit
Triggered at your stop price but executes only at your limit price