#OrderTypes101 Master These Order Types to Trade Like a Pro! 🎯
Market Order: Instant execution at current price. Great for quick entries but watch out for slippage during volatile times!
Limit Order: Set your exact price. Perfect for patient traders who want better entries without chasing pumps.
Stop Loss: Your safety net! Automatically sells when price drops to protect your capital. NEVER trade without one!
Stop Limit: Combines stop loss with limit order. More control but risk of not executing in fast markets.
Take Profit: Lock in gains automatically when your target is hit. Emotions can't mess with your plan!
Pro tip: Use limit orders during consolidation, market orders during breakouts!