# Placing a take profit limit order

Take Profit Limit orders allow traders to set profit targets and secure their gains by setting a price at which to close an open position. When the profit price is reached, the limit order is triggered. For a long position, traders place a take profit limit above the current market price, and for a short position, they place it below the current market price. If the index price reaches the take-profit point, the T/P order changes from 'Untriggered' to 'Open' and behaves like a traditional limit order. Short-term traders interested in managing their risk often use take-profit orders because they can exit a trade as soon as their planned profit target is achieved without risking a future downturn in the market. 

## Placing a take profit limit order

To place a take profit limit order:

1. Click **Take Profit Limit** under the Stop dropdown menu.
2. Click **Buy** or **Sell**.
3. Type an Amount - this is the total trade size.
4. Type the desired Stop Trigger Price.
5. Type the desired Limit Price.
6. Review your order summary to confirm your selections.
7. Click **Place Order** to execute your order.

<div><figure><img src="https://379889487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fcjg2v8y2qzzLnhGqycUk%2Fuploads%2FUPPMXj5SqlnJUn4TJwlG%2FScreenshot%202023-05-22%20at%201.15.59%20PM.png?alt=media&#x26;token=81b97f2d-64a2-4914-a125-b393126ac0ba" alt=""><figcaption></figcaption></figure> <figure><img src="https://379889487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fcjg2v8y2qzzLnhGqycUk%2Fuploads%2FZ8Vf9Edu0bFbMYFJRztB%2FScreenshot%202023-05-22%20at%201.16.19%20PM.png?alt=media&#x26;token=228bff95-1760-4957-9dc3-5588e558da18" alt=""><figcaption></figcaption></figure> <figure><img src="https://379889487-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fcjg2v8y2qzzLnhGqycUk%2Fuploads%2FYHl94CN1oEXVC8QyFkKj%2FScreenshot%202023-05-22%20at%201.16.57%20PM.png?alt=media&#x26;token=fad696b0-3417-4406-a7ad-397b5d7a142c" alt=""><figcaption></figcaption></figure></div>

### Advanced Stop Order Options <a href="#h_cab01446de" id="h_cab01446de"></a>

Under the advanced section in the trade box, you have the ability to adjust your Good Til Time.

You can include other options such. as Good-Til-Date, Fill Or Kill or Post-Only.

* 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.

{% hint style="info" %}
*Note: Take profit orders trigger based off the index price or the last trade price.*
{% endhint %}


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