# TWAP

> Automatically sell or buy in smaller trades at regular intervals to reduce price impact.

A TWAP strategy splits a sell or a buy into smaller trades at regular intervals, to minimize price impact.

### TWAP selling

Create a TWAP sell to sell automatically in smaller trades at regular intervals, so you exit a position slowly over time.

### TWAP buying

Create a TWAP buy to buy automatically in smaller trades at regular intervals, so you build a position slowly over time.

### Creating a TWAP strategy

*[Image: New Strategy window on TWAP Sell, with the Buy and Sell buttons, the three modes, Supply Amount and Duration]*

1. Pick **Sell** or **Buy** at the top, then **TWAP Sell** or **TWAP Buy** under **Mode**.
2. Set the total amount:
   * **Sell:** in **Supply Amount**, choose how much you want to sell, as a % of the selected wallets' tokens that other strategies haven't locked (before launch, of what they're set to receive at launch).
   * **Buy:** in **Amount**, choose how much you want to spend over the whole duration, in SOL, ETH or the token's paired asset, as shown in the field.
3. In **Duration**, set the running time of your strategy, in hours and minutes.
4. Click **Create Strategy**.

The amount is split evenly over the duration. For example, a 12% **TWAP Sell** over 3 minutes, with the default 30-second **Frequency**, sells 2% six times.

**Advanced options:**

* **MarketCap Range:** set a range where the strategy executes.
* **Frequency:** set how often a trade runs, in minutes and seconds. It defaults to 30 seconds and can't be longer than the duration.
* **Wallets:** pick which wallets to include. All of them are selected by default.

*[Image: TWAP Sell with Advanced open: MarketCap Range, Frequency at 30 seconds and Wallets]*

> **Note:** TWAP sell is best for exiting large positions into the chart over time, especially when the coin is trending up on high volume. TWAP buy is best for accumulating a large position without moving the price in one go.