> For the complete documentation index, see [llms.txt](https://docs.perennial.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.perennial.finance/guides/place-a-limit-order.md).
# Place a limit order
### Step 1: Enter collateral amount
Type in how much collateral you'd like to use for the trade.
### Step 2: Enter Limit Price
Enter the price you'd like the order to execute at.
### Step 3: Select Leverage
Use the slider to enter the leverage for the position. You can see this change the amout of exposure you'll have in the above input.
### Step 4: Place Order
Once ready, select "Place Trade" and follow the prompts to place your limit order.
### Step 5: Check you open orders
Use the "Orders" tab to check the open orders you have. You can click the X button to cancel them!