> 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-market-order.md).

# Placing a take profit market order

Take Profit Market orders allow traders to set profit targets and protect their positions by specifying a price at which to close an open position. A market order will be triggered when the profit price is reached, with a stop placed above the current market price for long positions and below for short positions. Once the index price hits the take-profit point, the T/P order changes from 'Untriggered' to 'Open' and behaves like a traditional market order. Short-term traders interested in risk management can benefit from take-profit orders since they can exit a trade as soon as their profit target is reached and avoid the risk of future market downturns. 

## Placing a take profit market order

To place a Take Profit Market Order:

1. Click **Take Profit Market** from the options available in 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. 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>

### Advanced Stop Order Options <a href="#h_53e1a718f8" id="h_53e1a718f8"></a>

You can edit your Good Til Time under the advanced section in the trade box.

Max slippage is <mark style="color:yellow;">10%</mark> for BTC/ETH and 20% for all other markets.

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