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-## Limit orders
-
-
-
-* Limit orders ensure a user is getting the price they want when buying or selling an asset, without worrying about slipage.
-* When a limit order is placed, the price at which the order is placed is known as the limit order.
-* The limit price is the worst price the trader is willing to execute the trade at, the order will only be filled at this price or better.
-* Limit orders can serve as an effective method od captureing the volatility of an asset.
-* Orders can be set at prices significantly higher or lower than the current price, while being monitored and adjusted.
diff --git a/DeFi/day-trading/orders-types.md b/DeFi/day-trading/orders-types.md
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+# Order types
+
+
+#### tl;dr
+
+* You can "take " or "make" prices with market and limit orders.
+* The spread prevents us from making free money without risk.
+* Stop order can limit our risk.
+
+
+
+### Order book
+
+ * open market for crypto pairs
+ * red: sellers; green: buyers
+
+
+
+### Spread
+
+ * the difference between the best bid and best offer
+ * you want a tight spread
+
+
+
+### Market order
+
+ * choose the amount you trade
+ * don't choose the price
+ * can trade quickly, easy to use
+ * can easily pay too much for crypto
+ * always on the wrong side of the spread
+ * already in a loss
+
+
+
+
+### Limit order
+
+ * choose the amount you trade AND the price
+ * get a better deal
+ * can't guarantee we trade the whole order
+ * must wait for sellers to come
+ * maker fees are lower
+ * Limit orders ensure a user is getting the price they want when buying or selling an asset, without worrying about slipage.
+* When a limit order is placed, the price at which the order is placed is known as the limit order.
+* The limit price is the worst price the trader is willing to execute the trade at, the order will only be filled at this price or better.
+* Limit orders can serve as an effective method od captureing the volatility of an asset.
+* Orders can be set at prices significantly higher or lower than the current price, while being monitored and adjusted.
+
+
+
+### Stop market order
+
+ * choose the amount you trade
+ * don't choose the price
+ * choose at what price to place your market order
+ * some trading strategies will need this order
+ * fast trading for buy/sell breakouts
+ * "if price gets to X, sell with a market order"
+
+
+
+### Stop limit order
+
+ * choose the amount you trade AND the price
+ * choose at what price to place your limit order
+ * add on to an winning trade or specific price level (TA)
+
+
+
+### Stop loss order
+
+* a version of a stop limit order
+* stops your losses
+* important for day trading, to mitigate trading risks
+* choose the price level with TA
+* must be below the current trading price
+
+
+
+### Take profit order
+
+* a version of a stop limit order
+* trades your position with a profit
+* important for day trading, to automate trading
+* choose the price level with TA
+* must be above the current trading price
+
+
+
+