The 3 Buttons That Decide What Every Trade Costs You (Order Types Explained)

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Market order vs limit order vs stop limit, explained by a former NYSE ARCA market maker – the three buttons and what each one really costs.
All three placed live with real money on Coinbase, the maker fee discount, and the post-only switch almost nobody flips.
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What you’ll learn: what an order actually is (what, how much, at what price), the market order and the impatience tax – spread, taker fee, slippage – and when paying it is right (emergencies, not entries), the limit order – name your price, collect the maker discount, wait for the market to come to you – plus the queue and the no-promised-fill caveat, the stop limit – the stop price as tripwire and the limit price as the net, used as a stop loss and as a breakout entry, where stops actually go (episode four gives the spot, episode eight shows the pile to avoid), all three orders placed live with real money on Coinbase Advanced Trade, the money moment – same trade executed three ways with three different bills, and the pro switches: post-only (rejected live on camera) and time in force – GTC, good-til-time and IOC. Homework: swap ONE market order for a limit this week, and put a stop behind any unprotected position.

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ABOUT THIS CHANNEL
Eric Krown is a former NYSE ARCA options market maker with 15+ years of experience. This channel delivers daily Bitcoin and macro market analysis using a systematic five-layer framework: Trend, Volatility, Structure, Momentum, and Risk β€” the same methodology used on the trading floor. No hype. Data-driven analysis with proof of trade.

This content is for educational and entertainment purposes only. Not financial advice. Trade at your own risk. Do not trade on any exchange that prohibits trading from your geographical region.

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CHAPTERS
0:00 Same idea. Three different bills.
0:10 The three buttons
1:59 What an order actually is
3:29 Button 1 – the market order
5:39 The impatience tax
7:58 Button 2 – the limit order
10:12 Button 3 – the stop limit
12:48 Live on Coinbase: all three, real money
19:39 Where stops go
23:52 The money moment: one idea, three bills
25:50 The pro switches: post-only + time in force
29:31 The right button, every time
31:00 Lock it in
31:59 Your homework