Understanding Order Types: Market vs. Limit

Hey everyone, wanted to quickly touch on two fundamental order types that are crucial for execution: Market orders and Limit orders. A Market order is basically telling your broker, "Buy/sell this asset now at the best available price." It's great for guaranteed execution, but you're at the mercy of the current bid-ask spread, especially in volatile periods. On the other hand, a Limit order lets you specify the exact price you're willing to buy or sell at. If you want to buy $COMP, you could place a limit buy at, say, 12.80, and it'll only fill if the price reaches that level or lower. You get better price control, but there's no guarantee your order will fill if the market moves away from your specified price. Both have their uses depending on your strategy and urgency.