What is the Reduce-Only option for?
Orders with Reduce-Only enabled can only reduce an existing position. They cannot increase a position or open a position in the opposite direction.
In One-Way Mode, conditional orders such as take-profit and stop-loss orders can also be set to Reduce-Only. If the position has already been closed when the order is triggered, this prevents a new position from being opened in the opposite direction.
The most important thing to remember when managing your funds: in One-Way Mode, make it a habit to enable Reduce-Only for orders and conditional orders used to close positions.
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The above information has been compiled from public sources. Please verify it yourself.
Orders with Reduce-Only enabled can only reduce an existing position. They cannot increase a position or open a position in the opposite direction.
In One-Way Mode, conditional orders such as take-profit and stop-loss orders can also be set to Reduce-Only. If the position has already been closed when the order is triggered, this prevents a new position from being opened in the opposite direction.
The most important thing to remember when managing your funds: in One-Way Mode, make it a habit to enable Reduce-Only for orders and conditional orders used to close positions.
$BTC 82535.04 (+0.89%)
#BTC
The above information has been compiled from public sources. Please verify it yourself.