Open Positions
After opening a position (e.g., BNB/USDT), you can manage and monitor it using the Open Positions tab. This section provides step-by-step guidance to locate and understand all the features of the Open Positions tab.
Step 1: Locate the Open Positions Tab
Once you’ve opened a position, scroll down on the trading page to find the Open Positions tab.
It displays all active positions with detailed information.
Step 2: Columns and What They Mean
Contract:
This shows the trading pair for your open position (e.g., BNB/USDT).
The L or S next to the pair indicates if the position is Long or Short.
How to Change Leverage:
Click the pencil/edit icon next to the leverage (e.g., 10x).
Adjust the leverage slider or input a new leverage value.
Confirm to apply the changes.
Volume:
Displays the total value of your position in USDT (e.g., 9,999.94 USDT).
This value is the size of your trade, including leverage.
Quantity:
Shows the number of units of the base asset you are trading (e.g., 15.2881 BNB).
Calculated based on the volume, entry price, and leverage.
Entry Price:
This is the price at which your position was opened (e.g., 654.1 USDT per BNB).
It remains fixed unless you adjust the position by adding more margin.
Mark Price:
The current market price of the asset (e.g., 654 USDT per BNB).
Determines the unrealized profit and loss (P&L).
Margin:
The amount of your own capital allocated to this position (e.g., 999.99 USDT).
How to Adjust Margin:
Click the pencil/edit icon in the Margin column.
Add or remove margin to increase or decrease the risk and liquidation price.
P&L (UR):
Shows the Unrealized Profit and Loss in real-time (e.g., -1.52 USDT).
Positive values mean profit, and negative values mean loss.
Liq Price:
The Liquidation Price is the price at which your position will be forcefully closed if losses consume your margin.
Adjusting leverage or margin affects this value.
TP/SL:
Indicates if you’ve set Take Profit (TP) or Stop Loss (SL) values for the position.
How to Add or Edit TP/SL:
Click the pencil/edit icon in this column.
Enter new TP/SL levels or adjust existing ones.
Confirm to save the changes.
EP/EL:
Indicates if you’ve set Estimated Profit (EP) or Estimated Loss (EL) thresholds in USDT.
How to Add or Edit EP/EL:
Click the pencil/edit icon in this column.
Enter the desired profit/loss values in USDT.
Confirm to save the changes.
Action:
Provides tools to manage or close your position:
Close Position: Click the "X" button to close the position immediately.
Hedge Position (for Cross or Max margin mode):
Click the hedge icon to open an equal-sized position in the opposite direction (e.g., a Short position if you’re currently Long).
This locks the unrealized P&L, effectively pausing the trade until you manually adjust.
Step 3: Managing Your Position
Monitoring:
Regularly check the P&L (UR), Liq Price, and Mark Price columns to track the performance of your position.
Adjusting:
Use the TP/SL or EP/EL columns to automate profit-taking or loss-limiting strategies.
Modify leverage or margin based on market conditions.
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