The order types that keep you in control of entries, exits, and worst-case outcomes.
Cadet
0 days
Order types are the controls in the cockpit. Using the wrong one under pressure is how a small planned loss becomes an account-ending one.
| Order | What it does | Guarantees | Use it for |
|---|---|---|---|
| Market | Fills immediately at best available price | Fill, not price | Getting out fast |
| Limit | Fills at your price or better | Price, not fill | Patient entries and targets |
| Stop | Becomes a market order when price is touched | Exit, not price | Protective stop losses |
| Stop-limit | Becomes a limit order when price is touched | Price, not fill | Controlled entries, never stops |
In a fast move the limit can be skipped entirely, leaving you in a losing position with no protection at all. Protective stops should be stop-market orders.
You need out of a losing position immediately. Which order type do you use?
10 XPA limit order guarantees…
10 XPEducational content only. Futures trading involves substantial risk of loss and is not suitable for every investor. Mission 03 — Astrofund program rules & FAQs.