Trade Order Types & Definitions

Definitive offers a range fo advaanced order types. Use this page to better understand them.

Definitive strives to offer advanced order types to complement both trading strategies as well as risk management. This table summarizes the trade order types offered on Definitive, and when it may be appropriate to use each one.

Order Type	What It Is	Best For...
Market Buy/Sell	Buy/sell immediately at best current price	Urgent trades, liquid markets, small orders
Limit Buy/Sell	Buy/sell at a specified limit price. Guarantees execution at the specified limit price or better. Can result in a partial fill if only part of the trade can be filled at the desired limit price.	When entry/exit price matters
TWAP Buy/Sell	Breaks large order into smaller segments executed over specified timeframe. Segment sizes and execution times are randomized.	Large trades, thin/low liquidity tokens to minimize price impact and slippage
Stop Buy	Buy at a specified stop price above current price. Inactive until specified stop price is met, after which a market buy is executed.	Entering on momentum, breakout strategies
Stop Loss	Sell at a specified lower stop price to limit losses. Inactive until specified stop price is met, after which a market sell is executed.	Risk management to limit losses
Take Profit	Sell winning position at a specified higher price to lock in gains	Short-term profit targets, complement to stop loss