Pretty Profitable · Cohort VI
Entries & Exits Part 1
How you actually get INTO a trade
01
Section 01
Welcome, GWORLz
Today we're keeping it simple. No strategy yet. Just the mechanics.
Slide 1 · The Roadmap
Where this class fits in the bigger picture

This is a four-part series. Today we're covering entry types only. That means we're talking about how you click buy or sell. Not where, not when, not why. Just how.

Part 01
Entry Types. How you click buy or sell.You are here
Part 02
Exit Types. How you get out of a trade.
Part 03
Stop Loss Placement. Where "wrong" lives on the chart.
Part 04
Take Profit Placement. Where price wants to go.
Slide 2
Slide 2 · Outcomes
By the end of today, you will...
1
Know the three entry types by name
2
Know what each one actually does
3
Pick the right type for a given situation
4
Have practiced it with the drag tool and the quiz
02
Section 02
The Foundation
Before I give you the three types, you need the one idea they all share.
Slide 3 · The Simple Definition
An entry is the order you send to open a position.

You're going from zero contracts to some contracts. Long if you think price goes up. Short if you think it goes down. That's the whole definition.

But the way you send that order matters, because each type controls three different things.
Slide 4
Slide 4 · The Core Concept
Speed, price, certainty. Pick two.

Every entry type trades off between three things. You can't have all three, so the type you pick decides which two matter most.

Speed
How fast you get in. In a fast market, every second costs points.
Price
The exact price you pay. Slippage adds up over many trades.
Certainty
Whether you get filled at all. A perfect price that never fills is no trade.
Remember this. When I ask which entry should I use, the answer always comes back to which of these three I care about most right now.
03
Section 03
The Three Entry Types
One at a time. Definition, worked example, analogy. That's the pattern.
Slide 5 · Type 01 of 03
Market Order
Definition
A market order fills immediately at the best available price right now. You give up control over price. You get speed and certainty.
Worked Example
Situation
NQ just broke above a key level and is moving fast. I see the move I've been waiting for.
What I need
Speed. If I wait even 2 seconds, I'm 3 points behind.
What I click
Buy Market on 1 contract.
What happens
Fills instantly at 20,153 (1 tick of slippage from what I saw). I'm in.
Like walking into the store, grabbing the dress off the rack, paying what's on the tag, and leaving. No haggling. Just getting what you came for.
Slide 6
Slide 6 · Type 02 of 03
Limit Order
Definition
A limit order only fills at the exact price you set (or better). You give up certainty (it might never fill). You get the exact price you wanted.
Worked Example
Situation
NQ is at 20,160. I've marked 20,140 as a level I want to buy at if price pulls back.
What I need
The exact price. I'm not chasing.
What I click
Buy Limit at 20,140. Order sits there and waits.
Outcome A
Price drops to 20,140, I fill at exactly that price. Zero slippage.
Outcome B
Price never drops that far. I don't trade. That's fine.
Like telling the sales girl "I'll buy this dress, but only if it goes on sale for $80." If it does, you win. If it sells out first, oh well.
Slide 7
Slide 7 · Type 03 of 03
Stop Order
Definition
A stop order waits for price to reach a trigger level, then becomes a market order and fills immediately. You're saying "only get me in if price confirms direction first."
Worked Example
Situation
Price is at 20,190. There's resistance at 20,200 that's held all morning. I only want in IF price breaks above it.
What I need
Confirmation. I don't want to guess that it'll break.
What I click
Buy Stop at 20,201. Order sits there, does nothing until the trigger hits.
Outcome A
Price breaks 20,201. Stop triggers and fills at market. I'm in confirmed.
Outcome B
Price never breaks. I never enter. I didn't commit to a fake breakout.
Like saying "I'll commit to this man only if he texts me back within 24 hours." You wait for proof, then you're all in.
04
Section 04 · Interactive
See It In Motion
You've read the definitions. Now let's see the pattern with your own hands.
Slide 8 · Drag Tool
Drag the line. Watch the order type change.

NQ is at 20,150 (the black dashed line). Toggle BUY or SELL, then drag the red line up or down. The tool tells you what type of order that would be. Goal: after a few drags, try to predict the order type before reading it.

Drag to Learn
Your Line Price
20,150
At current market price
If you BUY here...
MARKET
Fills immediately at current price
This is a Market Order.
You placed your line right at the current market price. A buy at market fills immediately at whatever the next available price is. Speed over precision.
Slide 9
Slide 9 · The Pattern
The pattern you just discovered

Now that you played with it, here's the pattern written out. Screenshot this slide.

Where you put the line BUY becomes SELL becomes
Above current price Stop Buy Limit Sell
At current price Market Buy Market Sell
Below current price Limit Buy Stop Sell
The shortcut: limits want price to come to you. Stops want price to move first. Market orders don't care about price.
05
Section 05 · Retrieval Practice
Now You Do It
Reading about it isn't enough. These next two slides are how it actually sticks.
Slide 10 · Recall Check
Match the definition to the type.

Start here. If you can't name the types from their definitions, the scenario quiz won't stick. Pick from the dropdown, then hit Check.

Name That Entry
A. Fills you immediately at whatever price the market gives you right now.
B. Only fills if price comes back to the exact level you set, or better.
C. Waits until price triggers a level, then becomes a market order.
Slide 11
Slide 11 · Application
Pick the right type for four situations.

The types are mixed up on purpose. Real trading doesn't serve you scenarios in order. For each one, pick the best entry type and read the feedback before moving on.

Apply the Logic
Scenario 1 of 4
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Score: 0 of 0
06
Section 06 · Wrap
What You Now Know
Quick recap before you go, and your homework before Part 2.
Slide 12 · Recap
The one-minute summary

If you only remember three things from today, remember these.

Market
Fills now. Use when speed beats price.
Limit
Fills at your exact price or doesn't fill. Use for pullbacks.
Stop
Fills after price confirms direction. Use for breakouts.
Slide 13
Slide 13 · Homework
Three things before Part 2
Your Part 1 Homework
  • 1
    Open your trading platform. Build each of the three entry types in the order ticket. Don't submit. Just find the buttons.
  • 2
    Come back to this deck and replay the drag tool at least three times. Goal: predict the order type before the tool tells you.
  • 3
    Post in the Circle cohort thread: which entry type do you think you'll use most based on how you naturally trade?
Coming Next
Part 2: Exit Types
How you get out of a trade, and why it's not the same as entering
La'Kera
Pretty Profitable School of Trading