On Order Types: Limit vs. Market for Volatile EM Equities

Bit of a rookie mistake I still see, especially in EM equities with thinner liquidity – slapping in a market order without a second thought. For anything with decent volatility or lower volume, like some of these smaller caps or illiquid FX pairs in emerging markets, a market order is a gamble on the spread and available depth. You think you're getting the last traded price, but you might actually be filled way off if there's a big bid-ask gap. Always consider a limit order; you might miss the absolute entry, but at least you control your fill price. Seen folks pay a pretty penny on something like a quick dip in $ZS just to get in, only to find they bought a couple of points higher than they intended. Patience, even in an FOMO moment, usually pays off.