#OrderTypes101

Executes your buy/sell instantly at the best current price.

✅ Fast & simple

❌ May not give the best price

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🟡 Limit Order

> “Only at this price.”

You set the price — the order fills only if the market reaches it.

✅ Price control

❌ No guarantee it will execute

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🔴 Stop-Limit Order

> “Protect my profits or cut my losses.”

When the price hits a trigger (stop), your order goes live at your chosen limit.

✅ Ideal for stop-loss/take-profit

❌ Needs careful setup

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⚫ OCO (One Cancels the Other)

> “Cover both sides, automatically.”

Set both a profit target and a stop-loss at once — if one triggers, the other cancels.

✅ Perfect for auto-risk control

❌ Not beginner-friendly at first

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🧠 Pro Tip: Learn to mix order types with your trading goals. Patience + the right tool = smart trading.