If you follow my posts, you'd know that I like doing these crazy experiments where I just do some random and often potentially dangerous stuff in a bid to make more profit, or just to see what happens when I do those things.

These experiments usually cost me Bitcoin, but I do them to not only entertain you, but to give you insight on how these things may affect you if you do them.

With that out of the way, let's get started.

Ok, straight to the content!

So most traders are unaware of order types. And with good cause

When I started out trading first, I was only aware of market price, that is the price that you see on the exchange.

But with time, I started using other order types to suit my numerous needs. 

It wasn't very long until I got tangled up in different order types, and even made a few costly mistakes.

So in retrospect, I decided to go back to my early trader days, and trade exclusively at market price.

And boy did that go badly!

I risked only $10 worth of Bitcoin for this, since I've been pretty broke lately because of how quickly I'm expanding my crypto holdings.

For starters, my TA usually told me to buy at a much lower price, but since I couldn't set any special order types, I had to either wait for the price to go down or just buy at market price.

I did make about $2 in profits, but my losses wiped that out significantly.

The morale: Don't trade exclusively at market price. Try to go a little higher or lower at any time.

Thanks for reading!