#OrderTypes101 🚀 **Order Types 101: Master Your Trade Execution

(Ultra-condensed yet detailed)

1. Market Order

What: Buy/sell instantly at best available price.

Use: Speed precision. High volatility = slippage risk⚠️.

Fee: Lowest (exchange priority).

2. Limit Order

What: Set exact price. Only fills at or better than your limit.

Use: Control cost. No slippage. Risk: May not fill.

Pro Tip: Use for illiquid assets.

3. Stop Order (Stop-Loss)

What: Triggers market order when price hits stop level.

Use: Cut losses ("sell if drops to $90").

Risk: Slippage in gaps (news, halts).

4. Stop-Limit Order

What: Triggers limit order at stop price.

Use: Control exit price ("sell between $90-$89.50").

Risk: Partial/unfilled orders if price gaps.

5. Trailing Stop

What: Stop %/$ below highest price (auto-adjusts up).

Use: Lock profits in trends ("10% below peak").

Key: Distance resets on new highs.

6. Immediate or Cancel (IOC)

What: Fill instantly or cancel unfilled portion.

Use: Urgent partial fills (e.g., large orders).

7. Good 'Til Canceled (GTC)

What: Order stays active indefinitely (vs. day-only).

Use: Long-term entry/exit targets.

⚡️ Advanced Tactics

Iceberg Order: Hide large volume (reveals slices).

Fill or Kill (FOK): Entire order fills instantly or cancels.

Post-Only: Ensures maker fee (liquidity provider rebate).

💎 Pro Rules

1. Volatility? → Limit orders avoid slippage.

2. Protect capital?→ Stop-loss always.

3. Trend riding? → Trailing stop maximizes gains.

4. Whale moves? → Iceberg hides intentions.

📉 "Market orders pay, limit orders save, stops sleep well."

Test orders in demo mode! Most blown accounts ignore order types.

👉 Agree? Favorite order type?