#OrderTypes101
Are your crypto trades bleeding money on execution? Mastering order types is your hidden edge for capital preservation and precise entries/exits.
Signal: For #OrderTypes101, elevate your execution: 1) Limit Orders are Gold: For capital preservation, always prioritize limit orders for entries and exits. You dictate the price, minimizing slippage on large-cap swing trades. 2) Stop-Loss/Take-Profit Orders: Essential risk management. Set these immediately to automate exits (stop-loss for protection, take-profit for securing gains) without constant monitoring. 3) Advanced Orders (e.g., OCO, Trailing Stop): For sophisticated traders, these allow for dynamic risk management, combining multiple conditions to protect profits or minimize losses as price moves. Use them to lock in those 15-30% gains with precision.