okay TLDR if u zoned out somewhere in between
market order = i want it right now at whatever price, speed is everything
limit order = i want it at my price or better & i will wait for it, price control is everything
the difference sounds small but it can save u real money especially when the market is moving fast & everyone around u is panicking
next time open CoinDCX, before u tap buy, just ask yourself one thing
do i need this done right now or do i need this done at my price
bcz the answer to that question usually tells u exactly which order type makes sense.
& honestly?
sometimes the smartest move is the same one my friend made at the mall.
pick your price, be patient, & let the market come to u.
the sale eventually shows up more often than people think
me & my friend were at the mall last weekend & she found this top she absolutely loved
she picked it up, checked the price tag, stared at it for a few seconds, & then quietly put it back on the rack
i was like "wait what happened? i thought u liked it"
& she goes "i do, but i'll just wait for a sale, why would i pay full price right now"
& i just looked at her & said
"babe... u literally just placed a limit order"
the way she looked at me after that like i had completely lost my mind
@CoinDCX
#LearnKaroCryptoKaro
my friend's response after all of this
she looked at that top one more time still hanging on the rack & said "so i basically set a limit order on this top in my head & now i am waiting for the market to come to me or go even lower"
i cannot explain how proud i was in that moment 😭
yes babes exactly that, & u even got the "or lower" part right which most people miss
& that is honestly the energy u should bring to crypto too, u do not always have to chase the price, sometimes u just decide your number, set your limit order, & let the market do the work while u go live your life
one bad trade doesn't define your day.
& one bad day doesn't define u as a trader.
the people who last in this game aren't the ones who never lose.
they're the ones who know when to stop.
they take the loss, protect what's left, & come back the next day with a clear head.
that's not a fancy strategy.
it's just discipline.
& over time, it matters more than any indicator you'll ever use.
if this helped, save it for the next time a stop loss hits.
& if u know someone who always says "just one more trade," send this to them.
why do traders who lose ₹500 end up losing ₹5,000 on the same day
it's usually not bcz the market was crazy,
not bcz your broker did something wrong,
& not bcz u suddenly forgot how to trade.
it almost always comes down to one mistake.
if you've been trading for a while, u probably already know what i'm talking about 🧵
@CoinDCX
#LearnKaroCryptoKaro
this is where @CoinDCX actually makes a real difference
u can set your entry, your target, & your stop loss all before the trade even starts
so when the trade is live there are no decisions left to make in the heat of the moment, your calm logical pre-trade self already made all the calls, your panicking emotional mid-loss self doesn't get a vote
& your entire trade history is right there, clear as day
so u can go back & actually see your own patterns
"every time i've taken more than 3 trades before noon i've ended the day in red"
"every time i've increased my position size after a loss it's always made things worse"
when it's sitting right in front of u in black & white u can't ignore it anymore, the data doesn't gaslight u even when your brain is trying very hard to