What We are Going to Cover in this Video.
The Different Types Of Orders
- Market
- Limit
- Stop
- Stop Loss
Market Orders
- Enter The Market Now
- Pros: You Know For Sure You Will Be In The Trade
- Cons: You Pay A Premium
Limit Order
- Enter Only If The Market Comes To Your Desired Price (Pullback)
- Pros: Enter At’ ’Cheaper” Price
- Cons: Might Miss The Move
- Trading Against Current Momentum
Stop Order
- Enter only if the market moves in your favor (breakout)
- Pros: Enter trade with momentum
- Cons: Might be a false breakout
Stop Loss Order
- Exit the trade if it goes against you
- Pros: Cut your Losses
- Cons: The market reverse back in your Direction
