# Placing a limit order

A [<mark style="color:yellow;">Limit Order</mark>](https://app.gitbook.com/s/wWEmmwfu1OHqqV59CxFM/trading-basics/order-types#limit-orders) is an order to buy or sell a financial asset at a specified price or better. When placing a limit order to buy, it will only execute at the limit price or lower, while a limit order to sell will only execute at the limit price or higher.&#x20;

<figure><img src="https://379889487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fcjg2v8y2qzzLnhGqycUk%2Fuploads%2FyTdlmmClYhJjGEY3xMwl%2FScreenshot%202023-05-23%20at%205.19.38%20PM.png?alt=media&#x26;token=0e5b33bb-26e8-4a57-b0b7-f3d31b0a312e" alt=""><figcaption></figcaption></figure>

## Placing a limit order

To place a limit order:

1. Click **Limit** in the trade box.
2. Click **Buy** or **Sell**.
3. Type an *Amount* - this is the total trade size.
4. Type a *Limit Price* - set the maximum or minimum price at which you are willing to buy or sell.
5. Review your order summary to confirm your selections.
6. Click **Place Order** to execute your order.

<figure><img src="https://379889487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fcjg2v8y2qzzLnhGqycUk%2Fuploads%2F5aPiM3Uog7hpbgud2Gyx%2FScreenshot%202023-05-17%20at%201.53.59%20PM.png?alt=media&#x26;token=2a3c69bd-1f42-418c-8ff2-61306b4b2a82" alt="" width="161"><figcaption></figcaption></figure>

{% hint style="info" %}
*Note: By default, the Good Til Date for limit orders can extend up to <mark style="color:yellow;">28 days</mark>.*
{% endhint %}

### Advanced limit order options <a href="#h_d674028512" id="h_d674028512"></a>

You can also add options like Good-Til-Date, Fill or Kill, or Post-Only. When selecting a limit order, you can expand the Advanced section to reveal the following Time in Force and Execution policies:

* Good Til Date - The order will be added to the order book and expire automatically on the specified date.
* Fill or Kill - The order type in question will only be executed if the entire amount can be matched, and partial matches are not allowed.
* Post-Only - By clicking the Post-Only option, you can ensure that you won't be charged the taker fee.

### Can I submit multiple limit orders on the same market? <a href="#h_281c6e58f8" id="h_281c6e58f8"></a>

Yes, you can submit as many orders as desired, so long as they are above the minimum threshold.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://prodigyfi.gitbook.io/perps-user-guide/orders/placing-a-limit-order.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.