# Limit Orders
## Limit Orders
Limit orders allow you to set predetermined entry and exit prices for your trades, providing better price control and strategic positioning without constant market monitoring.
### Overview
Limit orders execute automatically when the market reaches your specified price, offering:
* **Price Control** - Set exact entry
* **Strategic Positioning** - Enter positions at favorable levels
* **Automated Execution** - No need to monitor markets constantly
* **Risk Management** - Avoid unfavorable market price movements
***
{% tabs %}
{% tab title="How to Place Limit Orders" %}
#### Step 1: Switch to Limit Mode
1. Navigate to the trading page
2. Switch from **"Market"** to **"Limit"** order type
3. The interface will update to show limit order options
#### Step 2: Configure Your Order
1. **Set Price**: Enter your desired execution price
2. **Set Size**: Specify position size (minimum $10)
3. **Select Collateral**: Choose appropriate collateral asset
4. **Review Details**: Confirm order parameters
#### Step 3: Submit Order
1. Click "Place Limit Order"
2. Confirm transaction in your wallet
3. Order appears in the "Orders" tab
{% endtab %}
{% tab title="Order Management" %}
Viewing Your Orders
* All active limit orders appear in the **"Orders"** tab under "**Limit Orders**"
* View order details including:
* Market Asset
* Side
* Size
* Collateral
* Trigger Price
#### Editing Orders
1. Navigate to the "Orders" tab under "**Limit Orders**"
2. Select the order you want to modify
3. **Edit Trigger Price**: Change the execution price
4. **Confirm Changes**: Submit the updated order
#### Order Cancellation
* **Manual Cancellation**: Cancel orders anytime from the Orders tab
* **Automatic Cancellation**: Orders cancel if insufficient liquidity at execution time
* **Independent of Positions**: Limit orders remain active even after other positions close like TP/SL
{% endtab %}
{% endtabs %}
***
### Order Requirements
#### Price Constraints
* **Minimum Distance**: Orders must be **at least 0.1%** away from current market price
* **Execution Guarantee**: Orders execute at your specified price when liquidity is available
#### Collateral Requirements
You must use **like-collateral or USDC** for limit orders:
| Position Type | Required Collateral | Example |
| ------------------------ | -------------------- | ------------------------- |
| **Long/Short Positions** | Native asset or USDC | SOL for SOL longs or USDC |
#### Size Limits
| Parameter | Limit |
| ------------------------------ | --------------------- |
| **Minimum Order Size** | $10 |
| **Maximum Orders per Account** | 5 active limit orders |
| **Order Types** | Entry orders only |
***
### Execution Rules
{% columns %}
{% column %}
Successful Execution
✅ **Order executes when**:
* Market price reaches your specified level
* Sufficient liquidity is available in the pool
* Pool utilization allows for the trade size
{% endcolumn %}
{% column %}
Failed Execution
❌ **Order cancels when**:
* Insufficient liquidity due to high pool utilization
* Pool cannot accommodate the full order size
* Technical issues prevent execution
{% endcolumn %}
{% endcolumns %}
Fee Application
* **Size-Based Spread**: Still applies to limit orders
* **Standard Trading Fees**: Apply as per normal trading
***
### Best Practices
{% stepper %}
{% step %}
#### Strategic Positioning
* **Support/Resistance Levels**: Place orders at key technical levels
* **Dollar Cost Averaging**: Use multiple smaller orders at different price levels
* **Volatility Consideration**: Account for normal price fluctuations
{% endstep %}
{% step %}
#### Risk Management
* **Monitor Pool Utilization**: High utilization may prevent execution
* **Set Realistic Prices**: Ensure orders are likely to be reached
* **Regular Review**: Check and update orders as market conditions change
{% endstep %}
{% step %}
#### Collateral Management
* **Maintain Sufficient Balance**: Ensure you have required collateral
* **Asset Preparation**: Have correct collateral type ready before placing orders
* **Wallet Connectivity**: Keep wallet connected for order execution
{% endstep %}
{% endstepper %}
***
{% hint style="warning" %}
### Important Limitations
> **Order Persistence**: Limit orders remain active even after closing other positions and must be manually cancelled.
> **Liquidity Dependency**: Orders may cancel if pool utilization prevents execution of the full size.
> **Collateral Requirements**: You cannot use different collateral types - must match position direction.
> **Account Limits**: Maximum 5 active limit orders per account at any time.
> {% endhint %}
***
### Troubleshooting
#### Common Issues
Q: Why is my limit order being rejected?
* Check if price is at least 0.5% from current market price
* Verify you have sufficient collateral of the correct type
* Ensure order size meets $10 minimum
Q: Why didn't my order execute at the target price?
* Pool utilization may be too high
* Insufficient liquidity for your order size
* Market may have gapped past your price level
Q: How do I cancel all my limit orders?
* Go to the "Orders" tab
* Manually cancel each order individually
* Orders do not auto-cancel when positions close
Q: Can I modify my order after placing it?
* Yes, you can edit the execution price
* Order size modifications
* Changes require wallet confirmation
---
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