> For the complete documentation index, see [llms.txt](https://about.jojo.exchange/jojo-1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://about.jojo.exchange/jojo-1/v1-product-guides/tutorials/how-to-trade-perpetual.md).

# How to trade Perpetual?

## **1. Opening your position.**

* If you are **bullish** on the market, you should buy/long.
* If you are **bearish** on the market, you should sell/short.

In the \[Trade] page, you can choose to place a **\[Market Order]** or a **\[Limit Order].**

We take the **\[Market Order]** as an example here.

<figure><img src="/files/wxFfjDLOF9tcJMxS4MvS" alt=""><figcaption></figcaption></figure>

A Market Order will be executed at the current market price as soon as possible after the user places the order.

{% content-ref url="/pages/FEbYzwXjtLh0L4k5k5Xi" %}
[What is a Limit Order, and how to place it?](/jojo-1/v1-product-guides/tutorials/what-is-a-limit-order-and-how-to-place-it.md)
{% endcontent-ref %}

You can manually input the amount you want to trade or pull the slider for your preferred ratio. Then click **\[Buy / Long]** to place your order.

Meanwhile, you can see some important information about the **\[Market Order].**

Those information will change depending on the USDC amount of orders you place, the current market price, and the amount of margin left in your account after placing an order.

<figure><img src="/files/hGhpCvFaCmiclPG74kMY" alt=""><figcaption></figcaption></figure>

**\[Buy/Sell Amount]:** Total amount of tokens buy/sell at the market price.

**\[Buy/Sell Cost]:** Total price of tokens buy/sell at the market price, calculated in USDC.

**\[Liq. Price of Buy/Sell]:** Settlement price of the buy/sell order.

**\[Leverage change of Buy/Sell]:** Leverage change for the buy/sell order.

**\[Buy/Sell fee Maker/Taker]:** Maker/taker fees for the buy/sell order.

## **2. Check your position status.**

After you place an order and the order has been settled, your position will appear in the lower-left corner of the trading page.

Once the order is placed, the JOJO system will display the **\[Order successfully]** prompt in the upper-right corner.

<figure><img src="/files/KMFsogPjYVPFQGT4UbP6" alt=""><figcaption></figcaption></figure>

When the price rises, a long position will generate profits, with a positive PnL. You can choose to continue holding the position to seek greater profits or click **\[Close]** to lock in your profits.

{% content-ref url="/pages/Y66Majncuf2q2zX8Z5G6" %}
[What is PnL and How to Calculate It?](/jojo-1/v1-product-guides/faqs/what-is-pnl-and-how-to-calculate-it.md)
{% endcontent-ref %}

If you choose to continue holding your current position, a safer approach is to set a **TP/SL** (Take-profit/Stop-loss) order.

{% content-ref url="/pages/6cxyf6OcpcHmyLpsaADh" %}
[How to Place a TP/SL Order ?](/jojo-1/v1-product-guides/tutorials/how-to-place-a-tp-sl-order.md)
{% endcontent-ref %}