🧾 #OrderTypes101 – How to Trade Smart, Not Just Fast

Every trader needs to know these basic order types to avoid FOMO, slippage, and bad fills.

Let’s break them down 👇

1. Market Order

⚡ Executes immediately at the best available price.

✅ Fast & simple

❌ Can suffer from slippage (especially in low liquidity)

📌 Use when: Speed matters more than price.

2. Limit Order

🎯 You set the exact price you want to buy or sell at.

✅ Control over price

❌ Might not fill if price never reaches your level

📌 Use when: You want a better price and can wait.

3. Stop-Loss Order

🛑 Automatically sells if the price drops to your set level.

✅ Helps manage risk

❌ Can trigger during flash crashes

📌 Use when: You want to cut losses automatically.

4. Stop-Limit Order

🚦Combo of stop-loss + limit order:

When price hits your stop, a limit order is placed (not market).

✅ More control than stop-loss

❌ Might not fill in fast markets

5. Take-Profit Order

🎉 Sells your asset when price reaches your target profit level.

✅ Locks in gains

📌 Often used with stop-loss for a full exit strategy.

6. Trailing Stop

📉 Moves with the price—locks in profit as the asset rises.

✅ Great in trends

❌ Can get stopped out if pullbacks are sharp

⚖️ Pro Tip:

Set orders before emotions take over.

Use limit orders to buy dips.

Set stop-losses to sleep better.

Combine with risk management.