How should you choose between a limit order and a market order?
A large market order may sweep through multiple levels of resting orders, so the average execution price can differ from the price you saw when placing the order. This is slippage.
A market order trades price certainty for immediate execution, while a limit order does the opposite: you control the price, but the order may not be filled.
For context, the market shows: $BTC at 80597.18, 24h -1.22%.
The market always has surprises, so think ahead about what you’ll do if your judgment is wrong.
#BTC
Personal notes, not a specific buy or sell recommendation.
A large market order may sweep through multiple levels of resting orders, so the average execution price can differ from the price you saw when placing the order. This is slippage.
A market order trades price certainty for immediate execution, while a limit order does the opposite: you control the price, but the order may not be filled.
For context, the market shows: $BTC at 80597.18, 24h -1.22%.
The market always has surprises, so think ahead about what you’ll do if your judgment is wrong.
#BTC
Personal notes, not a specific buy or sell recommendation.