Placing your first order

Why this lesson exists

You've toured the terminal. Now you need to put an order on. This lesson walks the OrderPanel field by field, in the order you'll fill them out. After this, your first evaluation trade should feel mechanical, not improvised.

We'll assume you're on /trade, looking at the OrderPanel on the right side of the screen.

The full sequence

1. Pick a market in TerminalTopBar.
2. Pick a side — Buy / Long or Sell / Short.
3. Pick a margin mode — Cross or Isolated.
4. Pick leverage.
5. Pick an order type — Market or Limit.
6. Set quantity (typed or via the percent slider).
7. Set take-profit and stop-loss (optional but recommended).
8. Hit the coloured submit button.
9. Read the confirmation modal.
10. Wait for the fill, then find the position in TradeBottomTabs.

Each step gets its own H2 below.

1. Pick a market

Click the market pill on the left of TerminalTopBar. xtree offers six markets:

• xBTC — Bitcoin perp
• xETH — Ethereum perp
• xSOL — Solana perp
• xGOLD — gold perp
• xSILVER — silver perp
• xOIL — crude oil perp

xBTC, xETH, xSOL have the deepest books. The commodity perps are thinner — be careful with size and use limit orders when you can.

2. Pick a side

The OrderPanel has two tabs at the top: Buy / Long (green) and Sell / Short (red). Tap the one matching your view. The whole panel re-themes — submit button included — so you can never be unsure which direction you're committing to.

Going short on xtree is just a button. There's no separate "borrow" step. This is one of the reasons traders use perps over spot — covered in What is a perp.

3. Pick a margin mode

The Margin mode pill sits in the row of pills below the side tabs. Two choices:

• Cross — the position can draw on your free balance. Liquidation price sits further from entry.
• Isolated — the position risks only the margin you allocate to it. Liquidation price is fixed by that allocation.

If you're not sure yet, start with Isolated — you'll know exactly how much is at risk on this trade. The full trade-off is in Cross vs isolated margin.

4. Pick leverage

The Leverage pill is next to Margin mode. Tap it for the leverage slider. The cap depends on your tier and market — Standard ₹5L accounts have the tier maximum baked in, so you can't accidentally over-leverage.

Higher leverage means a smaller margin requirement and a tighter liquidation. Leverage does not multiply your P&L per rupee of price movement — covered in Leverage, margin, and liquidation.

For your first trade, 5× is a reasonable starting point on xBTC or xETH.

5. Pick an order type

Two order types are exposed in the OrderPanel:

• Market — fills immediately at whatever the book gives you. Use when you need in or out now.
• Limit — only fills at the price you set or better. Use when you have a target entry and can wait.

On Market, the Price field is greyed out. On Limit, it becomes editable and pre-fills with the current mid-mark.

A third type, Stop, is set via the SL field on the position itself, not as a standalone order type here. The order-type basics are in Order types — market, limit, stop.

6. Set the quantity

Two ways:

• Type a number in the Quantity field. The unit is the market's base asset (BTC for xBTC, ETH for xETH, etc.).
• Drag the percent slider below the Quantity field. 25% / 50% / 75% / 100% snap points. The slider uses your available balance and selected leverage to back-solve a size.

As you change quantity, the Value row (notional in INR) and Cost row (margin required) update live. Glance at both before submitting — Cost is what gets locked up; Value is what moves with the market.

A quick worked example: BTC mid-mark at ₹85,00,000, 5× leverage, slider at 25% of a ₹5L account.

• Margin allocated: ₹1,25,000 (25% of ₹5L)
• Notional: ₹1,25,000 × 5 = ₹6,25,000
• Size: ₹6,25,000 / ₹85,00,000 ≈ 0.0735 BTC

7. Set TP and SL

Below the Quantity area you'll find two fields labelled Take profit and Stop loss. Both are optional. Both default to "auto" (no level set). Type the price you want the position to close at on either side.

You don't have to set them at order entry — you can drag them on the chart afterwards, or edit them inline from the Positions row. But setting them now means the trade is risk-defined the moment it fills, which matters more than convenience.

A reasonable starting habit: set SL before you set size. The SL distance, plus your per-trade risk budget, is what your size should be solving for — covered in Position sizing.

8. Submit

The big coloured button at the bottom of OrderPanel commits the order. Green "Buy / Long" or red "Sell / Short" depending on the side tab.

9. The confirmation modal

A modal appears with every field you set, laid out as a recap:

• Size (in the base asset)
• Market price or Limit price
• Leverage
• Margin mode (Cross or Isolated)
• Notional
• Margin required
• Estimated fee (5 bps on notional)
• Take profit (if set)
• Stop loss (if set)

There's a "Don't ask again" checkbox. Leave it unticked while you're still learning — the modal exists precisely to catch the trade you almost submitted with a typo'd size.

Confirm to fire. Cancel to go back to the OrderPanel with all your inputs preserved.

10. Find the fill

For a Market order, the fill is essentially instant — within a tick or two of submission.

For a Limit order, the order goes to the Orders tab of TradeBottomTabs. It waits there until either the price comes to your level, or you cancel.

Once filled, the order moves to the Positions tab. You'll see one row per open position with entry, mark, P&L, leverage, margin used, TP, SL, and liquidation price. The TradingChart also draws the entry, TP, and SL lines on the candles.

To close, hit the close button on the Positions row. Partial closes (25%, 50%, 100%) are available from the same row.

Recap

• Order entry follows a fixed sequence: market, side, margin mode, leverage, type, quantity, TP/SL, submit, confirm.
• Cost (margin) and Value (notional) update live as you change quantity — glance at both.
• Set SL before sizing — your size should solve for your risk budget.
• The confirmation modal is your last gate; don't skip it early.
• Market fills are instant; Limit fills wait in the Orders tab.

Next up: the margin mode toggle, in depth.

Test yourself

Next lesson: Cross vs isolated margin — the margin-mode toggle, in depth.