#OrderTypes101 š Order Types 101: Master the Basics, Trade Like a Pro
Understanding order types is key to executing smart trades:
š¹ Market Order ā Buy/sell instantly at the best available price. Fast, but not always precise.
š¹ Limit Order ā Set your desired price; order only fills when the market hits it. Great for control.
š¹ Stop-Loss Order ā Protects you from big losses. Automatically sells if price drops to your stop level.
š¹ Take-Profit Order ā Locks in gains when your target price is reached.
š¹ OCO (One Cancels the Other) ā Combines stop-loss and take-profit. When one triggers, the other is canceled.
Mastering order types helps manage risk and maximize profits. šÆ #OrderTypes