> For the complete documentation index, see [llms.txt](https://docs.bracket.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bracket.fi/user-guides/legacy-products/passage/placing-order.md).
# Placing Order
## Reading the Passage Range Chart
The passage chart will show you two very important pieces of information. First is the RANGE of the passage. In this example, it is $26,954 at the top end and $26,315 at the bottom. These are the breakout points. You will also see a percentage in the upper right-hand corner of the chart indicating the % width above and below spot for the range itself. In this example, the range is 1.2% above and below spot. \
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The next piece of information is the **PAYOFF.** This is represented as a green line with brackets at the ends. The payoff of a passage is based on time. To learn more about that, check out this section [**HERE**](broken://pages/K4mxNOZCJHgwknXCcteS)**.**\
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You will see since we selected a STAY IN, the return starts at $0 and accumulates based on time in the range up to a max profit 100%, while a breakout would be the inverse, starting at $200 (100% profit) and losing value over time. Your breakeven is 1 day on a 2 day Passage.\
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***While you can place custom limit orders outside of the default range, ALL orders are limits.***
## Enter your investment
In Passage, the default trading market is denominated in ETH. However, there will be future markets denominated in other cryptocurrencies like stETH, ARB etc. \
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For now, we are in the **ETH market** and can enter our ETH investment. After choosing a side, enter the amount you want to trade. *You can enter in dollar amount or in ETH using the green selector button to swap if necessary.* \
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Let's enter **$100.** Once we do this, we will get a prompt that tells us in plain text what our position entails. \
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## Understanding your Stay In Order
In the above, you will see that you are entering an order with the following details:
* A Good-until-canceled (GTC) order for **STAY IN**
* **2 Day** contract
* The value of your contract starts at **$0 dollars** and **increases in value** until BTC first breaks out of the range indicated + slippage
* **Slippage**: you can select slippage to better match with the closest order
* The range of BTC price is **$26,341 - $26,927,** meaning as a STAY IN buyer, the longer the BTC price stays within the range, the more time you can accrue returns
## Understanding your Breakout Order
In the above, you will see that you are entering an order with the following details:
* A Good-until-canceled (GTC) order for **STAY IN**
* **2 Day** contract
* The value of your contract starts at **$200 dollars** and **decreases in value** until BTC first breaks out of the range indicated + slippage
* **Slippage**: you can select slippage to better match with the closest order
* The range of BTC price is **$26,341 - $26,927,** meaning as a Breakout buyer, the sooner BTC breaks out of the range the more return
### Clicking Buy
No matter the side of the trade, you will need to hit the "Buy" button and submit. This will trigger a transaction in your connected wallet, which must be approved. \
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Once complete, you will receive a confirmation message that the order was placed and the status of your order will then be listed in the **MY TRADES** section.