#OrderTypes101 Master the Market Like a Pro!
Confused between Limit, Market, and Stop-Limit orders? Youโre not alone. Hereโs a crash course:
๐น Market Order โ โJust get it now!โ
You buy or sell instantly at the best available price. Fast, but may slip in volatile moments.
๐น Limit Order โ โIโll wait for my price.โ
You choose your price. The order only executes if the market reaches it. Perfect for planners.
๐น Stop-Limit Order โ โProtect me!โ
Think of it as a safety net. You set a trigger price (stop), and once it hits, your limit order kicks in. Great for setting smart exits.
๐ก Pro Tip: Combine different order types to balance speed, safety, and strategy.
๐ The more you know, the better you trade. Donโt just HODL โ learn to navigate like a captain.