#OrderTypes101
Know How to Trade Smart ๐ง ๐
Trading isnโt just about what you buy โ itโs also how you buy it.
Letโs break down the core order types every trader should know ๐
๐ข Market Order
โฑ๏ธ Fastest execution โ buys/sells at the best available price
โ ๏ธ Watch out for slippage in volatile markets!
๐ก Limit Order
๐ฏ You set the price. The order only fills if the market hits it.
โ๏ธ Great for precision and control.
๐ด Stop Order (Stop-Loss)
๐ Automatically triggers a market order when price hits a set level.
๐ก Used to limit losses or lock in profits.
๐ต Stop-Limit Order
๐๏ธ Hybrid of stop + limit. More control, but might not fill in fast-moving markets.
๐ฌ Knowing your order types = trading with intention, not emotion.
Whatโs your go-to order type? ๐
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