> ## Documentation Index
> Fetch the complete documentation index at: https://docs.monofin.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Order types

> Market, limit, and trigger orders on Monofin — plus take profit and stop loss on every position.

The order types you need to enter precisely and exit safely — on perps and event markets alike.

## Market orders

**Execute now** at the best available price. Use market orders when getting in matters more than the exact price. The ticket shows estimated slippage before you confirm — fast never means blind.

## Limit orders

**Execute at your price or better.** You set the price; the order rests until the market comes to you or you cancel.

Use limit orders to:

* Enter on a pullback instead of chasing
* Buy YES below the current ask and let the crowd come to you
* Avoid slippage on thin books

## Trigger (stop) orders

**Fire only when a level trades.** A trigger order watches the market and submits a market or limit order when your stop price hits. Protect a position, or enter on a breakout without staring at the chart.

## Take profit and stop loss

TP/SL attach directly to an open position:

* Set them at entry, or add them later
* They cover the **whole position** and cancel automatically when it closes
* Edit or remove them anytime from the position card

> [!TIP]
>
> The habit that separates traders from donors: decide the exit before you enter. Attach TP/SL at entry and let the plan do the work.

## Good to know

* Open orders live in **Portfolio → Orders**, cancellable in one tap.
* Event markets work the same way — a limit order to buy YES at 40¢ fills when someone sells at 40¢.
* Every order type shows itemized fees before confirmation. See [Fees](/trading/fees.md).


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