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

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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

Order Management

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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

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Execution Rules

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

Failed Execution

❌ Order cancels when:

• Insufficient liquidity due to high pool utilization

• Pool cannot accommodate the full order size

• Technical issues prevent execution

Fee Application

• Size-Based Spread: Still applies to limit orders

• Standard Trading Fees: Apply as per normal trading

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Best Practices

1

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

2

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

3

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

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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.

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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