๐Ÿงพ Market vs Limit vs Stop-Limit โ€” the difference between order types in 60 seconds.

1๏ธโƒฃ Market: โ€œnow, at whatever priceโ€ โ€” instant fill, but slippage in thin books
2๏ธโƒฃ Limit: โ€œat this price or betterโ€ โ€” gives you control, but no guaranteed fill
3๏ธโƒฃ 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. ๐Ÿ“

$BTC
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