> For the complete documentation index, see [llms.txt](https://ostium-labs.gitbook.io/ostium-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ostium-labs.gitbook.io/ostium-docs/ostium-trading-engine/step-by-step-tutorial/opening-a-trade.md).

# Opening a Trade

{% hint style="warning" %}
These docs are deprecated and may be outdated. Please use the new docs: [docs.ostium.com](https://docs.ostium.com/)
{% endhint %}

{% stepper %}
{% step %}

### Select a Market

Select your desired market from the drop-down menu in the trade form

<figure><img src="/files/7NdQQFow3fw5Qmq8ipvo" alt="" width="375"><figcaption></figcaption></figure>
{% endstep %}

{% step %}

### Fill Trade Information

Select **Side** (long, short), **Order Type** (market, limit, stop), **Collateral Amount**, and **Leverage** (1-200x, depending on the asset). Traders can also input **Estimated Size** (in units of the asset traded), backing out leverage or collateral

<figure><img src="/files/n7LfKv5wmpiIozNXmSab" alt="" width="318"><figcaption></figcaption></figure>
{% endstep %}

{% step %}

### (Optional) Set Take Profit and Stop Loss

Optionally set **Take Profit** or **Stop Loss** conditions. Take profit orders at 10x (900%) gain are automatically set to reduce tail event risk for LPs.\
\&#xNAN;*(Please note: maximum and mandatory TPs of 10x is enforced; over time the protocol may increase this threshold or eliminate it entirely should risk management analysis determine they no longer be necessary).*

<figure><img src="/files/8VVSwyj1nDUGqPOTdH5e" alt="" width="304"><figcaption></figcaption></figure>
{% endstep %}

{% step %}

### Fee breakdown

Optionally check fee breakdown by clicking into fee section and hovering over tooltips detailing your precise fee breakdown

<figure><img src="/files/BudlssbdNNNqOgw19gQ6" alt="" width="332"><figcaption></figcaption></figure>
{% endstep %}

{% step %}

### Select Buy/Sell Button

Select buy for long (or sell, for shorts):

<figure><img src="/files/JjCyrbWev8IlbD1pDj1w" alt="" width="308"><figcaption></figcaption></figure>
{% endstep %}

{% step %}

### Confirm trade

Confirm trade conditions. Traders can optionally choose to bypass this confirmation step in the future by selecting "hide order confirmation"

<figure><img src="/files/xwdupcLgMjrkFJsjHnjm" alt="" width="375"><figcaption></figcaption></figure>
{% endstep %}

{% step %}

### (1-click trading disabled) Wallet Confirmation

Confirm order in the wallet extension. Users can bypass this step and proceed directly to order execution through 1-click trading or a smart account

<figure><img src="/files/JcUGlTsTEQfRgIWdJKkF" alt="" width="359"><figcaption></figcaption></figure>
{% endstep %}

{% step %}

### Monitor your trades

That's it! Monitor your trades in real-time in the "Trades" tab beneath the asset chart.

<figure><img src="/files/hcqETjY4VyrRp2LPMSvd" alt=""><figcaption></figcaption></figure>
{% endstep %}
{% endstepper %}


---

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