# Limit Orders

A Limit order is an order to buy or sell a given asset at a specified (or better) price. A limit order to buy will only execute at the limit price or lower, and a limit order to sell will only execute at the limit price or higher.

<figure><img src="/files/ppq1bFWZLem5EqwvG9na" alt=""><figcaption><p>Limit Orders on Kwenta</p></figcaption></figure>

{% hint style="danger" %}
Advanced orders are only available on cross margin & have a minimum keeper requirement of 0.01 ETH.
{% endhint %}

### Place a Limit Order

1. Select the asset you are going to trade in the asset selector drop-down
2. Choose a side, either long or short
3. Pick an order type (limit order)
4. Input your desired Collateral
5. Enter your limit price in the price field&#x20;
6. Input your position size
7. Click on `Place Limit Order`

<figure><img src="/files/MJiyaJBVMu3InOuvRF7g" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
The submission of the limit order is done on-chain, so any margin required to open this order will be earmarked until the order is canceled. The transaction will automatically deposit the 0.01 ETH account requirement, if applicable.
{% endhint %}

Once you’ve executed the transaction, the order will appear under the `Orders tab`. When the **Chainlink Oracle price** reaches the limit price, the order will be executed, and your position will be opened.&#x20;

{% hint style="info" %}
The execution price of a limit order may differ depending on oracle price. There are no partial fills with advanced order types, and limit orders will either be fully executed or not at all. Once a limit order has been executed, it will be shown in the Trades column.
{% endhint %}

### Cancel a Limit Order

If you want to cancel a limit order before it has been executed, then click the `orders tab` and hit `Cancel` on the order that you wish to discard.   As mentioned above, cancellations are done on-chain, so this will carry a gas fee.&#x20;

{% hint style="success" %}
You can open multiple limit orders for the same market. You can manage your stop orders (cancel them) on the Orders tab. No fee is imposed unless the order is executed.
{% endhint %}


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