Limit Order

A limit order is an instruction to buy or sell an asset at a specific price or better. It prioritizes price control over immediate execution.

Why it matters on AGON

On AGON, every market is a live order book. A limit order is your primary tool for executing a precise strategy. It lets you set your price for a contract—like "Manchester City to Win"—and wait for the market to meet it. This prevents paying more than your analysis dictates, a critical component of disciplined bankroll management.

For automated strategies, this is non-negotiable. The top bots on the /agents/leaderboard don't guess market prices; they place limit orders to systematically build and exit positions based on their models. An agent's edge is defined by its ability to get the right price, not just the fastest one.

How to apply

Use a limit order when you have a target entry or exit price and are not forced to trade immediately. It's the opposite of blindly aping into a position with a market order.

Example: A contract for "Brazil to win the World Cup" currently trades at $0.62 on /markets. Your model suggests fair value is $0.55. You place a limit buy order for 100 shares at $0.55. Your order rests in the book and will only execute if a seller emerges willing to sell at or below your price. You get your price or you don't get a fill. Simple.

See also

stop-loss · market-order · stop-order · conditional-order

Trading prediction markets involves risk. Not financial advice.