#OrderTypes101

A Market order buys or sells instantly at the current price—fast but with slippage risk. A Limit order sets your own price; the trade only executes if the market reaches it, giving you control but no guarantee. A Stop-Loss order automatically sells when the price drops to a set level, limiting losses. A Take-Profit order locks in gains by auto-selling at a target price.

Use Market orders in fast-moving markets. Limit orders are ideal when you're patient or want a better entry. Stop-losses are essential for managing risk, especially in volatile markets. Take-profits help avoid emotional decisions and secure gains.

My go-to is a limit order with stop-loss and take-profit—it balances control and risk. Once, I used a market order during high volatility and got filled at a much worse price. It taught me to be more selective, especially during major news events.