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

# Orders

## Orders

The **Orders** section explains how orders work in polyquant and how to manage them after placement.

polyquant supports **market orders** and **limit orders**.

***

### Market orders

A **market order** executes immediately at the best available price.

Market orders:

* fill instantly (subject to liquidity)
* do not remain open
* cannot be cancelled after execution

Use market orders when:

* speed is critical
* you want immediate execution

***

### Limit orders

A **limit order** executes only at your specified price or better.

Limit orders:

* may fill partially or fully
* remain open until filled or cancelled
* lock part of your balance

Limit orders give you full price control.

***

### Open orders

An **open order** is a limit order that has not been fully filled.

Open orders:

* appear in your **Profile → My limit orders**
* lock the corresponding balance
* update as partial fills occur

***

### Cancelling orders

You can cancel any open limit order at any time.

When an order is cancelled:

* unfilled shares are released
* locked funds return to your balance

Market orders cannot be cancelled.

***

### Partial fills

Limit orders may be **partially filled**.

This means:

* part of the order has executed
* the remaining size stays open
* you can cancel the remaining part at any time

***

### Order lifecycle

A typical order lifecycle:

1. Order is placed
2. Order becomes open (limit order only)
3. Order is partially or fully filled
4. Remaining size is cancelled or filled
5. Position is updated

***

### Order status notifications

polyquant sends notifications for:

* order placement
* partial fills
* full fills
* order cancellation

These updates help you track execution in real time.

***

### Next steps

After managing orders, continue with:

* **Profile & PnL** — performance tracking
* **Selling & Claiming** — exiting positions
* **Copytrade** — automated trade following\
  \
  \
  [https://x.com/polyquant\_labs
  \
  https://t.me/polyquant\_labs <br>](<https://x.com/polyquant_labs&#xD;&#xA;https://t.me/polyquant_labs&#xD;&#xA;>)


---

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