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

# Limit Order

## What is a Limit Order?

An order that executes at the selected limit price or better. 

{% hint style="info" %}
Limit Orders rest on the Orderbook until they are filled by Makers
{% endhint %}

## Place a Limit Order

<figure><img src="/files/S9PLCKZzcineqUAIYyRN" alt=""><figcaption></figcaption></figure>

* Pick **Limit** from the order type dropdown
* Set your **Limit Price** manually or move the line directly on the chart
* Set your order **Size** in USDC or asset units
* Press **Long** or **Short** to place your order

**Limit Orders** can also be placed directly on the chart using the [**Plus Sign**](/lit-docs/trading-guide/trade-on-chart/plus-sign-menu.md) menu.

{% hint style="info" %}
Moving a **Limit Long** above market price or a **Limit Short** below market price will result in the order executing **immediately** as a [**Market Order**](/lit-docs/trading-guide/order-types/market-order.md) at market price.
{% endhint %}


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