> For the complete documentation index, see [llms.txt](https://graphdex-1.gitbook.io/graphdex-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://graphdex-1.gitbook.io/graphdex-docs/trading-predictions/limit-orders.md).

# Limit Orders

**Pick the price, wait for the market to come to you. The disciplined trader's default.**

A Limit order posts at a specific price and waits to be filled. Unlike a Market order — which takes whatever is on the book right now — a Limit order gives you price certainty in exchange for the risk that you never get filled.

## When to use Limit

* **Thin or wide-spread markets** — Market orders walk multiple book levels and your average fill is worse than the top of book showed. Limit pins the price.
* **You have a view on fair value** — you only want to buy below X cents or sell above Y cents.
* **Closing a position at a target** — set the exit, walk away, come back when it fills.

## When to use Market instead

* **Liquid, tight-spread markets** — Market gets you in instantly at near top-of-book; the Limit-vs-Market difference is noise.
* **Short-window markets closing soon** — wait too long with a Limit and the market resolves before your order fills.
* **You need to react to a news event** — speed beats price.

## Submitting a Limit order

1. Toggle the **Market / Limit** switch at the top of the trading widget to **Limit**.
2. Pick the side (Up/Down or Yes/No) and the outcome (on multi-outcome markets).
3. Type or tap the **price** you want to post at. You can tap a price level in the order book to pre-fill.
4. Type or tap the **amount**.
5. Submit. The order appears under Wallet → My Orders as "working".

## Managing working orders

Go to [Wallet → My Orders](/graphdex-docs/wallet-predictions/wallet-overview.md). For each open order:

* **Cancel** — pulls the order off the book. Funds return to your balance immediately.
* **Modify** — change price or amount. Most platforms cancel-and-repost behind the scenes.
* **Wait** — let the market come to you.

## Failure modes

* **Order never fills** — the market closes with your price untouched. The order is cancelled at resolution; funds return.
* **Partial fill** — only some of your size filled. The unfilled remainder stays working until cancelled or the market closes.
* **Order pulled by market move** — your limit price is no longer reachable because the market moved away decisively. Your order sits until you cancel or modify.

{% hint style="warning" %}
Limit orders are the safer execution model but they expose you to *opportunity risk* — the market resolves your way and your unfilled order didn't get you in. Pick Market when speed matters more than fill price.
{% endhint %}

## FAQs

<details>

<summary>How long does a Limit order stay working?</summary>

Until you cancel it, it fills, or the market closes. There is no time-in-force selector — every Limit is "good 'til close" by default.

</details>

<details>

<summary>Can I post a Limit on a closing-soon market?</summary>

Yes, but the risk that it doesn't fill before resolution is high. Match your Limit price to depth that already exists; don't ask the market to come further than it has shown willingness to move.

</details>

<details>

<summary>What price granularity do Limit orders support?</summary>

Per-market — most prediction markets price in two-decimal cents (0.01 minimum). The order book shows the supported granularity.

</details>

<details>

<summary>Where do I see my filled-but-not-resolved trades?</summary>

[Wallet](/graphdex-docs/wallet-predictions/wallet-overview.md) → My Assets shows open positions; Transaction History shows the full chronological log.

</details>


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