> 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. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://lit.gitbook.io/lit-docs/trading-guide/order-types.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.