> 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-take-profit-limit-order.md).
# 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.
### Advanced Stop Order Options
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 %}
