# 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.
