#OrderTypes101 Market Order : Instant execution at current price. Fast, but slippage possible. Use for urgent entries/exits.
Limit Order : Set your price. Executes only at your desired rate. Precision-focused (e.g., breakout strategies).
Stop-Loss : Auto-sells if price plummets. Limits losses—critical for risk management.
Take-Profit : Locks gains when targets hit. Avoids greed-driven mistakes.
When to use?
✔️ Market : Speed > precision.
✔️ Limit : Patience pays off (e.g., resistance zones).
✔️ Stop-Loss/Take-Profit : Always! Protect profits, cap losses.
Go-to? Limit + Stop-Loss combo for disciplined trading. 🎯