# Strategies > Automate your buys and sells with mirror, TWAP or limit strategies that run across your wallets. ### Managing strategies Instead of trading by hand, you can set up strategies that buy or sell automatically across your wallets. A sell strategy exits a position for you: into other wallets' buys, gradually over time, or at a target market cap. A buy strategy works the other way: it buys into other wallets' sells, builds a position over time, or buys when the market cap drops to a target. *[Image: Strategies tab of the token page listing three strategies with their Type, Side, Execution, Status, Remaining amount and Actions]* To create one, click **Create Strategy** at the bottom of the buy/sell panel on the token page. It's also there before your token is deployed, under the launch estimates, so a sell strategy can be ready at launch. In **New Strategy**: 1. Pick **Sell** or **Buy** at the top. **Sell** is selected by default. 2. Under **Mode**, pick one of three types. The tabs follow the side: **Mirror Sell**, **TWAP Sell** and **Limit Sell**, or **Mirror Buy**, **TWAP Buy** and **Limit Buy**. 3. Fill in the mode's fields. 4. Open **Advanced** for optional limits and to pick which wallets run the strategy. 5. Click **Create Strategy**. - [**Mirror**](https://docs.useora.xyz/managing-your-token/trading-page/strategies/mirror/): Sells when other wallets buy, to exit into their volume, or buys when they sell, to absorb the sell pressure. - [**TWAP**](https://docs.useora.xyz/managing-your-token/trading-page/strategies/twap/): Splits a sell or a buy into smaller orders over time to minimize price impact. - [**Limit**](https://docs.useora.xyz/managing-your-token/trading-page/strategies/limit/): Sells when your token reaches a target market cap, or buys when it drops to one. The info icon in the header shows or hides **How it works**, a short explainer of the selected mode and side. On a wide screen it is already open beside the window. *[Image: New Strategy window with Advanced open and the Wallets list beside it, with Deselect All, the total holdings, Search wallets and the holdings of each wallet]* ### Selling and buying The side you pick sets what the strategy does and the unit of its amounts: * **Sell:** the strategy sells the token from the selected wallets. Its amounts are in **% Supply**: a percentage of the tokens those wallets hold that aren't already locked by other strategies (before launch, of what they're set to receive at launch), not of the token's total supply. * **Buy:** the strategy buys the token with the selected wallets' own funds. Its amounts are in SOL on Solana or ETH on Robinhood, or in the token's paired asset, such as USDC, USD1 or USDG, when it's paired with another token. Each field shows the symbol it uses. In **Advanced**, **Wallets** lists the wallets that can run the strategy, and all of them are selected by default. On the Sell side it shows their token holdings, on the Buy side their balance to buy with. These are full balances, including what other strategies have already locked. Use **Select All** or **Deselect All**, search with **Search wallets**, or shift-click to select a range. > **Note:** If **Create Strategy** stays greyed out, a required field is empty or at 0, no wallet is selected, or the selected wallets have nothing left to use: no unlocked tokens for a sell, no unlocked funds for a buy. On a TWAP, **Frequency** can't be longer than **Duration**. On a limit strategy, the target can't already be reached. The window doesn't show an error message. ### From the chart You can also start a strategy at a level of the chart: hover the chart and click the **+** that appears on the price scale at the level you want, or right-click the chart. Pick **Buy Strategy** or **Sell Strategy**, then the mode. A compact form opens on the chart with the mode's main fields and a summary of what the strategy will do. Click **Confirm** to create it. *[Image: Limit Sell card open on the chart at the clicked market cap, with MarketCap, Supply Amount, the summary and the Back and Confirm buttons]* * A limit strategy starts with the market cap of the level you clicked. * Sell amounts are in **% Holdings**, the same share of the wallets' unlocked tokens as **% Supply** in the window, with **25%**, **50%**, **75%** and **100%** shortcuts. * The strategy runs on all your wallets that can run one. For the other options and to pick wallets, use **Create Strategy**. * A side your wallets can't fund stays greyed out, with the reason under it. Your active and paused strategies are drawn on the chart: a limit strategy as a line at its target market cap, a mirror or TWAP strategy as the bounds of its **MarketCap Range**, if you set one. A paused strategy is dimmed and marked **(Paused)**. ### Strategies tab Your strategies are listed in the **Strategies** tab of the token page, next to **Positions**. For each one you see: * **Type:** the mode: **Mirror**, **TWAP** or **Limit**. * **Side:** **Sell** or **Buy**. * **Execution:** what the strategy is set to, on one line. A mirror shows the share of each trade it follows and its trigger rate. A TWAP shows its number of orders, their size and how often they run. A limit shows its target market cap, the token price at that market cap and how far it is from the current one. The line ends with the number of wallets. * **Status:** whether the strategy is running (see below). * **Remaining:** how much it still has to sell, in tokens, or to spend, in SOL, ETH or the paired asset, with its share of the strategy's total and a progress bar. A completed strategy shows what it left unexecuted. Each strategy shows a status: * **Active:** the strategy is running and executes automatically when its conditions are met. * **Paused:** the strategy is on hold and won't execute, even when its conditions are met. * **Completed:** the strategy has finished executing and can only be deleted. In **Actions**, you can **pause, resume, edit or delete** a strategy. Deleting is immediate, with no confirmation. The same strategies are listed in a card under the buy/sell panel, with their status and the same actions. Click a strategy there to open its details: what's left, its settings, its **Range** if you set a **MarketCap Range**, and its number of **Wallets**. *[Image: Strategies card under the buy/sell panel with the TWAP Sell details open: the remaining amount, Number of Orders, Sizes per Suborders, Range and Wallets]* Editing opens **Edit Strategy**, where you can change every field and the wallets, then click **Update Strategy**. The side and the mode can't be changed: create a new strategy instead. **Duration** shows the time left, and a sell amount is shown as a % of the wallets' current unlocked tokens plus what the strategy still has to sell, so it can differ from the % you typed. Editing a paused strategy doesn't resume it. ### Combining strategies Strategies combine per wallet, and each active strategy locks what it still has to sell or spend on its wallets. A new sell strategy's % only applies to the tokens other strategies haven't locked. For example, run a **TWAP Sell** on 50% to steadily reduce a position, then a **Limit Sell** on 100% of what's left to take profit at a target cap. A 100% **TWAP Sell** would leave nothing for a **Limit Sell** on the same wallets. Locks also apply to your manual trades. For the selected wallets, the buy/sell panel and **Instant Trade** show what's locked, for example "0.5 SOL locked by strategies" under **Buy** and "40M $PUNCH locked by strategies" under **Sell**. In the buy/sell panel, sells and buys only use what isn't locked. In **Instant Trade**, sells, by % or by amount, only use unlocked tokens.