> For the complete documentation index, see [llms.txt](https://lit.gitbook.io/lit-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lit.gitbook.io/lit-docs/trading-guide/order-types.md).

# Order Types

* [**Market**](/lit-docs/trading-guide/order-types/market-order.md)**:** An order that executes immediately at the current market price
* [**Limit**](/lit-docs/trading-guide/order-types/limit-order.md)**:** An order that executes at the selected limit price or better
* [**Stop Market**](/lit-docs/trading-guide/order-types/stop-order.md)**:** A market order that is activated when the price reaches the selected stop price. Stop orders are generally used to help limit losses and lock in profits
* [**Stop Limit**](/lit-docs/trading-guide/order-types/stop-order.md)**:** A limit order that is activated when the price reaches the selected stop price
* [**Scale**](/lit-docs/trading-guide/order-types/limit-order.md)**:** Multiple limit orders in a set price range
* [**TWAP**](/lit-docs/trading-guide/order-types/advanced-twap-order.md)**:** A large order divided into smaller suborders and executed in 30 second intervals. TWAP suborders have a maximum slippage of 3%
* [Trailing Stop Loss](/lit-docs/trading-guide/trade-on-chart/trailing-stop-loss.md): An augmented version of the normal Stop Loss that automatically follows market price as it goes in your favor while maintaining a steady distance, but does not move if the price starts going against you.