#OrderTypes101 ## ⚡️ **Core Crypto Order Types**

1. **Market Order**:

Buy/sell *instantly* at the best available price. Fast but vulnerable to slippage.

2. **Limit Order**:

Set your exact price. Executes *only* at that price or better. Controls entry/exit but may not fill.

3. **Stop-Loss (SL)**:

Triggers a market/limit order *after* hitting a "stop price." Limits losses during crashes.

4. **Take-Profit (TP)**:

Auto-sells when profit target hits. Locks in gains.

### 🔄 **Advanced Types**

- **OCO (One-Cancels-Other)**: Links SL + TP; one executes → cancels the other.

- **Post-Only**: Ensures you pay *maker* fees (not taker).

- **IOC (Immediate-or-Cancel)**: Fills partially/fully *now* → cancels leftovers.

### ⚠️ **Crypto Nuances**

- **Volatility**: Slippage risk on market orders.

- **24/7 Markets**: Orders don’t pause!

- **Liquidity Matters**: Thin markets = wider spreads.

Best regards ,

Slim