> For the complete documentation index, see [llms.txt](https://flipper-3.gitbook.io/flipper-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://flipper-3.gitbook.io/flipper-docs/getting-started/making-your-first-trade.md).

# Making Your First Trade

Once your wallet is connected and your trading balance is funded, you are ready to open your first perpetual position.

The current version of Flipper is available on Solana. Support for EVM-compatible networks is planned for future releases.

Before your order is submitted, Smart Routing evaluates available execution paths across supported venues.

<mark style="color:$primary;">**Step 1 — Select a Market**</mark>

Open the market selector and choose the market you want to trade, such as:

* SOL-PERP;
* BTC-PERP;
* ETH-PERP.

Use the search bar or market filters to quickly find the asset you are looking for.

<mark style="color:$primary;">**Step 2 — Choose a Position and Order Type**</mark>

Select the direction of your trade:

* <mark style="color:$primary;">**Long**</mark>**&#x20;—** You expect the price to increase.
* <mark style="color:$primary;">**Short**</mark>**&#x20;—** You expect the price to decrease.

Then choose an order type.

<mark style="color:$primary;">**Market Order**</mark>

A Market Order is submitted for immediate execution at the best available market price.

<mark style="color:$primary;">**Limit Order**</mark>

A Limit Order becomes eligible for execution when the market reaches the price you specify or a better price.

<mark style="color:$primary;">**Step 3 — Configure Your Position**</mark>

Enter your position size using the input field or the quick-selection controls.

Adjust the leverage to match your preferred level of market exposure.

You can also configure optional risk-management settings, including:

* Take Profit;
* Stop Loss.

These settings can be modified after the position has been opened.

<mark style="color:$primary;">**Step 4 — Review and Submit Your Order**</mark>

Before submitting your order, Flipper displays the estimated execution details, including:

* expected execution price;
* estimated fees;
* slippage tolerance;
* selected execution route.

Review the information carefully, then click Open Long or Open Short.

Finally, approve the transaction in your connected wallet.

<mark style="color:$primary;">**Step 5 — Monitor Your Position**</mark>

After your transaction is submitted, Flipper displays its execution status as it updates.

Depending on the selected execution venue, your order may progress through several stages before it is fully executed.

Once the trade has been completed, your position will appear in the Positions tab, where you can monitor its performance and manage it.

{% hint style="warning" icon="exclamation" %}
Perpetual Futures trading involves market risk. Prices can change rapidly, and factors such as leverage, funding payments, slippage, and liquidation risk may affect your position. If you are new to perpetual trading, consider starting with a smaller position size while becoming familiar with the platform.
{% endhint %}