> ## Documentation Index
> Fetch the complete documentation index at: https://docs.limitless.exchange/llms.txt
> Use this file to discover all available pages before exploring further.

# Limit Orders

> Set your own price and earn LP rewards

## Overview

Limit orders let you set a specific price at which you're willing to trade. This gives you more flexibility and control over your orders.

<Frame>
  <img src="https://mintcdn.com/limitless/gaXTVCMwDdFSClic/images/limit-order.png?fit=max&auto=format&n=gaXTVCMwDdFSClic&q=85&s=d96422660a4ed7efb7be9fb473d7a4ba" alt="Limit order interface" style={{maxWidth: "400px"}} width="740" height="938" data-path="images/limit-order.png" />
</Frame>

## How to Place a Limit Order

1. Decide whether you're **buying** (bid) or **selling** (ask)
2. Specify your desired **price**
3. Enter the **number of shares**
4. Submit — the system adds your order to the order book, visible to other traders

Orders closer to the current market price have a **higher chance of being filled**.

## Benefits

* **Price control** — Trade at the exact price you want
* **Spread management** — Help narrow the bid-ask spread
* **LP rewards** — Earn rewards through the [LP Rewards program](/user-guide/lp-rewards) for providing liquidity

<Tip>
  Engaging with limit orders strategically can earn you rewards as part of the LP Rewards program, incentivizing tighter spreads and greater market depth.
</Tip>