#OrderTypes101
🎯 Understanding these 4 commands is like holding half a survival ticket, guys!
👉 1. Market Order
💨 Press to execute immediately, no thinking required.
🟢 Pros: Fast, neat, quick.
🔴 Cons: The price at which it executes is unpredictable; if it executes at a "sky-high" price, you have to bear the consequences.
👉 2. Limit Order
🎯 "I will only buy/sell at this price, not a single cent less!"
🟢 Pros: Price control.
🔴 Cons: Sometimes you sit waiting endlessly and the order still doesn’t execute 😭
👉 3. Stop-Loss
🛑 If the price drops to a certain threshold, sell immediately to avoid heartache.
🟢 Pros: Reduces account burn.
🔴 Cons: You might get "sniped" by whales and the order executes, then the price goes back up 🤡
👉 4. Take-Profit
💰 If the price rises to the predetermined threshold, it automatically takes profit.
🟢 Pros: Secure and reliable.
🔴 Cons: After taking profit, watching the coin soar again → makes you cry tears of frustration 🤬