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

# Limit Orders

> Set your price, let the market come to you. Patient capital wins.

# Name your price

A limit order says: "I'll buy at this price or better — and I'll wait." The order sits on Polymarket's orderbook until someone takes the other side, or you cancel it.

This is how patient traders get better entries.

<Steps>
  <Step title="Open the market">
    Click any market card to open the detail view. Select **YES** or **NO**.
  </Step>

  <Step title="Switch to Limit">
    Toggle from **Market** to **Limit** at the top of the order panel.
  </Step>

  <Step title="Set your price">
    Enter your price in cents. YES shares at 45c means you think there's at least a 45% chance of this happening. Tick size is 0.01 (1 cent).
  </Step>

  <Step title="Set your size">
    Enter USDC amount or share count. The panel calculates the other.
  </Step>

  <Step title="Submit">
    Click **Place Limit Order**. It goes on the book as GTC (Good Till Cancel) — it stays until filled or you manually cancel.
  </Step>
</Steps>

## GTC: Good Till Cancel

Your order lives on the orderbook indefinitely. It won't expire at end of day. It fills when the market moves to your price, or you cancel it from the [Portfolio](/trading/portfolio) open orders section.

<Info>
  Polymarket's minimum tick size is `$0.01` (1 cent). You can place orders at any cent increment — `$0.42`, `$0.73`, whatever you like.
</Info>

## Limit vs. Market: when to use what

<Tabs>
  <Tab title="Use Limit Orders When...">
    * The spread is wide (more than 3-4 cents between YES and NO)
    * You're scaling into a position over time
    * The market is slow-moving (election weeks away, not hours)
    * You want a specific entry and you're willing to wait
  </Tab>

  <Tab title="Use Market Orders When...">
    * Breaking news is moving the market right now
    * The spread is tight (1-2 cents)
    * You want guaranteed execution, not a guaranteed price
    * An [AI signal](/ai/signals) just fired with high conviction
  </Tab>
</Tabs>

## Pro tip: the stale limit trap

<Warning>
  Set it and forget it works — until it doesn't. If the market fundamentals shift while your limit order is sitting there, you might get filled on a trade you no longer want. Check your open orders regularly, especially before major events.
</Warning>

<Tip>
  The best edges come from limit orders that other traders market-order into. You provide liquidity, you capture the spread. That's the game.
</Tip>