> For the complete documentation index, see [llms.txt](https://yummy-docs.gitbook.io/yummy-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://yummy-docs.gitbook.io/yummy-docs/helpful-guides/trade-guide/open-close-position.md).
# Open/Close Position
## Open a Position
1. Choose your desired token you want to trade
2. Click on the \[Buy/Long] or \[Sell/Short] button
3. Choose your order
* **Market**: Market order is immediately matched to the best available market price
* **Limit**: The trade will fill at the specific price or better. Limit orders are not guaranteed to execute.
* **Stop Limit**: Orders become limit orders when a specified stop price is reached. Specify a trigger price to activate the order.
* **Stop Market**: Orders become market orders when a specified price is reached. Specify a trigger price to activate the order
4. Choose your Collateral, enter the number you want to trade
5. Click on the leverage setting to open the leverage adjustment panel. Select your preferred leverage by moving the slider or manually entering a value. Click "Save" to confirm your selected leverage.
6. **Optional:** you can set your Take Profit (TP) and Stop Loss (SL) levels to manage your trade.
Click the checkbox labeled "TP/SL" to enable these options. Then, enter your desired prices for both Take Profit and Stop Loss in the respective fields.
7. Click Long and execute the order
This is the result of the executed trade.
## Close a Position
1. Click on Close button here.
2. Enter the quantity you want to close and then click on Close Position Button
{% hint style="info" %}
You can check the fees amount that you have to paid in the Fees section.
{% endhint %}
3. Confirm on your wallet. Now you have successfully closed your order.
{% hint style="info" %}
You can check your collateral balance on the menu bar or on [Portfolio page.](https://app.yummy.fi/#/portfolio)
{% endhint %}