#OrderTypes101 📊 Types of Orders in Trading – When the Market Gets Angry, You Must Be Prepared!
#OrderTypes101
In the world of cryptocurrencies, there are two types of traders:
🔹 Those who master the use of buy and sell orders professionally
🔹 And those who buy the currency and then beg it to "bounce back" 🙏
Let’s simplify the concepts, but in a different style:
👑 Market Order:
It means telling the market: "Give me now at any price!"
The order goes in immediately, but it might surprise you with a not-so-nice price.
🎯 Limit Order:
Here you are patient and respectful. You say: "I will not buy unless the price reaches 60 thousand!"
And if it doesn’t reach? Enjoy watching from afar 👀
🛡️ Stop-Loss:
Your shield in moments of madness. You tell the market: "If the price drops below this level, sell for me and don’t wait for my permission!"
It saves you from an emotional disaster before you cry in front of the screen.
🚀 Take-Profit:
You set a goal and say: "If I reach it, sell and take me to the beach!"
But sometimes it touches the target and then escapes back, leaving you repeating: "I wish I had exited!"
💡 Summary of Fun and Meaning:
The smart trader does not gamble, but places their orders in advance…
For the market does not forgive those who rely on luck!
#BTCUSDT