> For the complete documentation index, see [llms.txt](https://prodigyfi.gitbook.io/perps-user-guide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://prodigyfi.gitbook.io/perps-user-guide/orders/placing-a-limit-order.md).

# Placing a limit order

A [<mark style="color:yellow;">Limit Order</mark>](https://prodigyfi.gitbook.io/trading-parameters/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="/files/LjQtQcZeNBKWyLUv6kdz" 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="/files/0bZOizgyHcDWtxlDNNAh" 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.