> For the complete documentation index, see [llms.txt](https://docs.saros.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.saros.xyz/saros-perp-dex/order-management.md).
# Order Management
### Open a trade
**Step 1**: Select the asset pair you wish to trade from the available list of markets on Saros Perpetual
**Step 2**: Select **Buy** or **Sell**, depending on whether you want to go **Long** or **Short** on the asset.
**Step 3**: Choose the order type you want to place. It’s recommended to review the Order Types [Order Types](https://orderly.network/docs/introduction/trade-on-orderly/trading-basics/order-types) and [Trading Fees](https://orderly.network/docs/introduction/trade-on-orderly/trading-basics/trading-fees) before placing large orders.
**Step 4**: Adjust the leverage. Keep in mind that while leverage can amplify profits, it also increases risk. Use it wisely to safeguard your investments.
**Step 5**: Enter the quantity to set the order size.
**Step 6**: Carefully review the order details before confirming and opening the trade
### Close a trade
To realize PnL and close a position, go to the **Positions** tab at the bottom left and click the **Close** button.
You can also close the position directly from the price chart
Closed orders will be recorded in the Order History tab.
### Set TP/SL for a trade
To set **Take Profit (TP) / Stop Loss (SL)** prices, you can do so either before or after placing a trade. For open positions, click on the **TP/SL** button on the far right and enter your desired values.
