๐งพ Market vs Limit vs Stop-Limit โ the difference between order types in 60 seconds.
1๏ธโฃ Market: โnow, at whatever priceโ โ instant fill, but slippage in thin books
2๏ธโฃ Limit: โat this price or betterโ โ gives you control, but no guaranteed fill
3๏ธโฃ Stop-limit: a limit order is placed after the trigger โ it may remain unfilled during gaps
Slippage: small for liquid assets, but on a swing day like today ($76.3Kโ$77.2K, Yahoo), a market order can be costly.
General practice: use limit orders for entries and market orders for fast exits โ understand the difference before using them. ๐
$BTC
#OrderTypes #Slippage #CryptoTrading
1๏ธโฃ Market: โnow, at whatever priceโ โ instant fill, but slippage in thin books
2๏ธโฃ Limit: โat this price or betterโ โ gives you control, but no guaranteed fill
3๏ธโฃ Stop-limit: a limit order is placed after the trigger โ it may remain unfilled during gaps
Slippage: small for liquid assets, but on a swing day like today ($76.3Kโ$77.2K, Yahoo), a market order can be costly.
General practice: use limit orders for entries and market orders for fast exits โ understand the difference before using them. ๐
$BTC
#OrderTypes #Slippage #CryptoTrading