🧾 Order Types 101 – How You Buy & Sell Smart
When trading, order types decide how and when your buy/sell happens. Let’s break down the basics:
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✅ Market Order
Buy/sell instantly at the best available price.
🔹 Fast but you have no control over price.
🧠 Use when speed matters.
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🕒 Limit Order
You set the price you want – the trade only happens if the market hits that price.
🔹 Gives you control, but not guaranteed to fill.
🧠 Good for patient traders.
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⛔ Stop Order (aka Stop-Loss)
Trigger a buy/sell only when price hits a specific level.
🔹 Often used to limit losses.
🧠 Helps manage risk.
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🎯 Stop-Limit Order
A combo: once the stop price hits, a limit order is placed.
🔹 More control than stop-market, but may not fill if price moves too fast.
🧠 Useful in volatile markets.
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🚀 TL;DR:
• Market = Fast
• Limit = Price control
• Stop = Risk management
• Stop-Limit = Combo strategy
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Knowing your order types = trading with purpose, not luck.
Which one do you use most?
