#OrderTypes101
🎯 In crypto trading, how you enter and exit a trade matters as much as when. Choosing the right order type can make or break your setup.
🔹 Market Order:
Executes instantly at the current market price. I use it when speed matters more than price—like entering a fast-moving breakout.
⚠️ Risk: You may get slippage in low-liquidity pairs.
🔹 Limit Order:
Set a specific price to buy/sell. Great for buying dips or selling into strength without chasing.
I use it to avoid emotional trades and to stick to my plan.
🔹 Stop-Loss Order:
Automatically exits a position at a set loss threshold. Crucial for risk management! I never trade without one.
🔹 Take-Profit Order:
Locks in gains when your target price is hit. I use this for planned exits—emotion-free profit-taking.
✅ My go-to combo: Limit entry + Stop-Loss + Take-Profit. It’s structured, disciplined, and keeps me from overtrading.
📉 Once, I skipped a stop-loss on a margin trade—watched my gains turn into losses in minutes. Lesson learned.
Trade smart. Use the right order type for the right situation.