How to use limit orders, stop orders, and more
Initial Market Condition | Long Position | Short Position |
---|---|---|
Limit Price < Mark Price | Executes when Mark Price falls to Limit Price | Executes immediately as Market Order |
Limit Price > Mark Price | Executes immediately as Market Order | Executes when Mark Price rises to Limit Price |
Initial Market Condition | Long Position | Short Position |
---|---|---|
Stop Price < Mark Price | Executes immediately as Market Order | Executes when Mark Price falls to Stop Price |
Stop Price > Mark Price | Executes when Mark Price rises to Stop Price | Executes immediately as Market Order |
Initial Market Condition | Long Position | Short Position |
---|---|---|
Stop Price < Mark Price | Executes immediately as Market Order | Activates Limit Order when Mark Price = Stop Price |
Stop Price > Mark Price | Activates Limit Order when Mark Price = Stop Price | Executes immediately as Market Order |
Initial Condition | Long Position | Short Position |
---|---|---|
Stop Price < Limit Price | Executes immediately as Market Order | Executes when Mark Price rises to Limit Price |
Stop Price > Limit Price | Executes when Mark Price falls to Limit Price | Executes immediately as Market Order |
Initial Market Condition | Long Position | Short Position |
---|---|---|
Take Profit < Mark Price | Not Applicable | Executes when Mark Price = Take Profit |
Take Profit > Mark Price | Executes when Mark Price = Take Profit | Not Applicable |
Initial Market Condition | Long Position | Short Position |
---|---|---|
Stop Loss < Mark Price | Executes when Mark Price = Stop Loss | Not Applicable |
Stop Loss > Mark Price | Not Applicable | Executes when Mark Price = Stop Loss |