#订单类型解析 #订单类型解析
In the cryptocurrency space, trading is never just as simple as 'buy' and 'sell'.
What often makes the difference is the way you place your orders — that is, the type of orders.
If you often encounter these situations:
Manually chasing highs and cutting losses, always buying at highs and selling at lows
Want to catch the bottom, but the market flies right after you place an order
Want to stop loss or take profit, but a big bearish candle comes before you can react
Then you might need to spend two minutes to re-understand the 5 common types of orders in the cryptocurrency space👇
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1⃣ Limit Order
Features: You set a fixed price, and the order executes only when the price is reached.
Advantages: Price is controllable, no slippage.
Disadvantages: If the market does not touch the price you set, it remains unexecuted.
📌Applicable Scenarios: Placing low-price buy orders or setting high prices to sell coins, suitable for patient, planned traders.
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2⃣ Market Order
Features: Executes immediately at the market's current best price.
Advantages: Quick execution, no waiting.
Disadvantages: High slippage risk, especially for large orders or low liquidity.
📌Applicable Scenarios: Quickly buying or selling during volatile market conditions to seize timing.
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3⃣ Take Profit / Stop Loss
Features: Sets a critical point for profit or loss, automatically triggering a market order when the price is reached.
Advantages: Automated risk management.
Disadvantages: May experience significant slippage during extreme volatility.
📌Applicable Scenarios: Setting stop loss lines to prevent sharp declines, or automatically locking in profits without being greedy.
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4⃣ Conditional Order
Features: Executes an order (either limit or market) only after a specific trigger condition is met.
Advantages: More flexible, for example, buying only after breaking through a certain price level.
Disadvantages: Requires accurate market predictions.
📌Applicable Scenarios: Setting strategies like 'buy on breakout' or 'sell on breakdown'.
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5⃣ Iceberg / Hidden Orders
Features: Only a portion of the order volume is displayed or completely hidden, but there is a large order behind the scenes.
Advantages: Prevents being targeted by large traders, avoids triggering volatility.
Disadvantages: Not commonly used by beginners, generally part of quantitative or large capital strategies.
📌Applicable Scenarios: Large capital entering the market in batches, wanting to avoid being 'seen' by the market.