From 75f8191d087988a3fa53c8ea4758deb2d2d2d62d Mon Sep 17 00:00:00 2001
From: =?UTF-8?q?BT3GL=20/ba=C9=AAt=C9=A1=C9=9D=C9=AB/?=
 <1130416+bt3gl@users.noreply.github.com>
Date: Sun, 5 Jun 2022 14:25:49 -0700
Subject: [PATCH] Add order types

---
 DeFi/day-trading/limit-orders.md |  9 ----
 DeFi/day-trading/orders-types.md | 92 ++++++++++++++++++++++++++++++++
 2 files changed, 92 insertions(+), 9 deletions(-)
 delete mode 100644 DeFi/day-trading/limit-orders.md
 create mode 100644 DeFi/day-trading/orders-types.md

diff --git a/DeFi/day-trading/limit-orders.md b/DeFi/day-trading/limit-orders.md
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-## Limit orders
-
-<br>
-
-* 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.
+
+<br>
+
+### Order book
+
+  * open market for crypto pairs
+  * red: sellers; green: buyers
+
+<br>
+
+### Spread
+
+  * the difference between the best bid and best offer
+  * you want a tight spread 
+
+<br>
+
+### 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
+
+<br>
+
+
+### 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.
+
+<br>
+
+### 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"
+
+<br>
+
+### 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)
+
+<br>
+
+### 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
+
+<br>
+
+### 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 
+
+
+<br>
+