# 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="https://766933878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FifJoX8SL0anL5Gj0WFNP%2Fuploads%2F2Aw81NxNYSNLrTsqTEzw%2Fimage.png?alt=media&#x26;token=fc5c1119-fbdb-4e3d-aab6-d757c12706ce" 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="../../v1-product-guides/tutorials/what-is-a-limit-order-and-how-to-place-it" %}
[what-is-a-limit-order-and-how-to-place-it](https://about.jojo.exchange/jojo-1/v1-product-guides/tutorials/what-is-a-limit-order-and-how-to-place-it)
{% 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="https://766933878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FifJoX8SL0anL5Gj0WFNP%2Fuploads%2FZlr5LCRYGExEV2iFSwoq%2Fimage.png?alt=media&#x26;token=f82f92c8-5630-4f94-9c73-6dda5956ef6c" 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="https://766933878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FifJoX8SL0anL5Gj0WFNP%2Fuploads%2F50D23IQH0BYpdVPsm1nA%2Fimage.png?alt=media&#x26;token=c4f79c1c-c2ef-4290-83a1-a3f638529ae3" 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="../../v1-product-guides/faqs/what-is-pnl-and-how-to-calculate-it" %}
[what-is-pnl-and-how-to-calculate-it](https://about.jojo.exchange/jojo-1/v1-product-guides/faqs/what-is-pnl-and-how-to-calculate-it)
{% 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="../../v1-product-guides/tutorials/how-to-place-a-tp-sl-order" %}
[how-to-place-a-tp-sl-order](https://about.jojo.exchange/jojo-1/v1-product-guides/tutorials/how-to-place-a-tp-sl-order)
{% endcontent-ref %}