Closing a position refers to the act of closing or liquidating the cryptocurrency futures position held by an investor. Investors can close their previous position by selling or buying the same amount of cryptocurrency.
The purpose of closing a position is to realize profits or minimize losses. If an investor chose to go long when opening a position and the market price rises, they can sell at the appropriate time to close the position and gain profit. Conversely, if the trader predicts that the market price will fall, they can buy the same amount of cryptocurrency to close the position and gain the price difference.
Here are three ways to close a position:
Method 1: Close Position via Order Area
When opening a position, select a limit order.
Set the 【Price】 and 【Quantity】.
Click 【Sell】 or 【Buy】 (depending on your position direction) to submit the order.
Wait for the order to be filled, and the position will be closed once the order is executed.
Note:
The order quantity cannot exceed the current position size.
If the order quantity is greater than the position size, a new position in the opposite direction will be created after the order is filled: a long position will turn into a short position, and a short position will turn into a long position.
Method 2: Close Position via Position Area
Market Close:
In the 【Current Positions】 page, click 【Close Position】.
Select 【Market Price】 as the closing method, and the system will close the position at the current market price.
Click 【Confirm】, and the system will immediately close the position at the best available market price, completing the operation.
Limit Close:
In the 【Current Positions】 page, click 【Close Position】.
Switch to 【Limit Price】, set the 【Price】 and 【Quantity】 for closing the position.
Click 【Confirm】 to submit the limit order, and wait for the order to be filled at the set price. Once the order is filled, the position is closed.
Method 3: Use 【One-Click Close】 or 【Take Profit/Stop Loss】
In the futures trading interface, use 【One-Click Close】 or enable the 【Take Profit/Stop Loss】 function.
The system will automatically execute the auction-style closing strategy.